Petco Health and Wellness’ (WOOF) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Petco Health and Wellness (NASDAQ:WOOF) in a research note published on Friday morning,Benzinga reports. The firm currently has a $6.00 target price on the stock.

Several other analysts have also issued reports on WOOF. Wedbush upped their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Morgan Stanley upped their price objective on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Citigroup lifted their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. 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. Finally, StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $4.25.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $3.96 on Friday. The company has a market cap of $1.24 billion, a PE ratio of -9.90 and a beta of 1.89. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $6.29. The business has a 50 day moving average price of $4.46 and a 200-day moving average price of $3.90.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors have recently added to or reduced their stakes in the business. Holocene Advisors LP raised its position in shares of Petco Health and Wellness by 8.7% in the third quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock valued at $34,386,000 after purchasing an additional 602,602 shares during the period. AQR Capital Management LLC grew its stake in Petco Health and Wellness by 82.1% in the 2nd quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock valued at $22,661,000 after buying an additional 2,953,667 shares in the last quarter. Marshall Wace LLP raised its holdings in Petco Health and Wellness by 47.3% during the 2nd quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock valued at $12,857,000 after acquiring an additional 1,092,204 shares during the period. Millennium Management LLC lifted its position in shares of Petco Health and Wellness by 233.7% during the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after acquiring an additional 1,876,233 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Petco Health and Wellness by 9.2% in the third quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock worth $10,068,000 after acquiring an additional 186,230 shares during the period.

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.