Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Rating of “Hold” by Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $4.16.

Several brokerages have commented on WOOF. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a report on Friday, December 20th. Wells Fargo & Company increased their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Wedbush increased their price target on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Morgan Stanley reduced their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. New York State Common Retirement Fund grew its holdings in Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after purchasing an additional 3,711 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Petco Health and Wellness by 253.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after purchasing an additional 8,056 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Petco Health and Wellness during the third quarter valued at approximately $58,000. Sanctuary Advisors LLC acquired a new position in Petco Health and Wellness during the third quarter valued at approximately $66,000. Finally, Advyzon Investment Management LLC acquired a new position in Petco Health and Wellness during the fourth quarter valued at approximately $85,000.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $3.25 on Friday. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29. The company has a 50-day moving average of $4.03 and a two-hundred day moving average of $3.97. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -8.13 and a beta of 1.88. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.