Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Consensus Rating of “Hold” from Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has received an average rating of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. One 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 price target among brokers that have issued ratings on the stock in the last year is $4.16.

WOOF has been the subject of several recent analyst reports. 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 note on Friday, December 20th. Wedbush reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Morgan Stanley lowered their price objective 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 note on Tuesday, January 21st.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF opened at $2.58 on Wednesday. The company has a market cap of $808.70 million, a price-to-earnings ratio of -6.45 and a beta of 1.92. The company has a 50-day moving average price of $3.32 and a 200-day moving average price of $3.97. 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 12 month low of $1.41 and a 12 month high of $6.29.

Hedge Funds Weigh In On Petco Health and Wellness

Several large investors have recently made changes to their positions in WOOF. Aster Capital Management DIFC Ltd purchased a new stake in shares of Petco Health and Wellness in the 4th quarter worth approximately $25,000. Scotia Capital Inc. purchased a new stake in shares of Petco Health and Wellness in the fourth quarter worth $41,000. New York State Common Retirement Fund increased its holdings 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 acquiring an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC purchased a new position in shares of Petco Health and Wellness in the 4th quarter worth about $44,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Petco Health and Wellness in the 4th quarter worth about $45,000.

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.