Petco Health and Wellness (NASDAQ:WOOF) Raised to Buy at StockNews.com

Petco Health and Wellness (NASDAQ:WOOF) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

WOOF has been the topic of a number of other reports. Wedbush reissued an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Wednesday, February 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research report on Friday, December 20th. Morgan Stanley cut 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. Finally, Wells Fargo & Company upped their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.16.

Petco Health and Wellness Stock Performance

WOOF stock opened at $2.46 on Tuesday. The stock’s 50 day simple moving average is $3.30 and its 200 day simple moving average is $3.96. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $6.29. The firm has a market cap of $771.08 million, a P/E ratio of -6.15 and a beta of 1.92. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WOOF. New York State Common Retirement Fund raised its stake in shares of 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Petco Health and Wellness by 41.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock valued at $60,000 after buying an additional 4,610 shares in the last quarter. Swiss National Bank increased its stake in Petco Health and Wellness by 2.6% during the 4th quarter. Swiss National Bank now owns 186,100 shares of the company’s stock valued at $709,000 after buying an additional 4,800 shares during the period. Renaissance Technologies LLC raised its position in shares of Petco Health and Wellness by 0.5% during the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company’s stock worth $3,775,000 after buying an additional 5,100 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in shares of Petco Health and Wellness by 14.3% in the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company’s stock worth $172,000 after acquiring an additional 5,660 shares during the period.

Petco Health and Wellness Company Profile

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.