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

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on 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 recently weighed in on WOOF. Morgan Stanley reduced their target price on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company raised their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a research report on Friday, December 20th. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Finally, Wedbush lifted their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Friday, December 6th.

Petco Health and Wellness Stock Up 2.7 %

Shares of WOOF opened at $3.06 on Friday. The stock has a market capitalization of $959.16 million, a PE ratio of -7.65 and a beta of 1.88. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The company’s 50-day simple moving average is $3.91 and its 200-day simple moving average is $3.96.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its stake in shares of Petco Health and Wellness by 47.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after buying an additional 3,711 shares during the last quarter. Blueprint Investment Partners LLC acquired a new position in Petco Health and Wellness in the 4th quarter valued at about $44,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Petco Health and Wellness by 253.7% in the 3rd 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 in the 3rd quarter valued at about $58,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Petco Health and Wellness during the 3rd quarter worth about $66,000.

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.