Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Target Price at $4.25

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One research 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 1 year target price among analysts that have updated their coverage on the stock in the last year is $4.25.

WOOF has been the topic of a number of research analyst reports. Wedbush raised their target price on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Morgan Stanley lifted their target price on Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company upped 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 research report on Friday, December 6th. Finally, Citigroup raised their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th.

Institutional Trading of Petco Health and Wellness

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norden Group LLC lifted its holdings in Petco Health and Wellness by 31.7% during the 2nd quarter. Norden Group LLC now owns 17,860 shares of the company’s stock worth $68,000 after buying an additional 4,301 shares during the period. HB Wealth Management LLC lifted its stake in shares of Petco Health and Wellness by 21.6% in the second quarter. HB Wealth Management LLC now owns 25,949 shares of the company’s stock worth $98,000 after acquiring an additional 4,615 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after acquiring an additional 8,056 shares during the last quarter. Caprock Group LLC bought a new stake in Petco Health and Wellness in the second quarter valued at approximately $44,000. Finally, Choreo LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter valued at approximately $45,000.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $3.95 on Friday. The firm’s 50 day simple moving average is $4.44 and its 200 day simple moving average is $3.90. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.88 and a beta of 1.89. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29.

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.