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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $4.16.

A number of analysts have weighed in on WOOF shares. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. Wells Fargo & Company increased 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. Wedbush increased their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Morgan Stanley dropped their price objective 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.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its position 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 valued at $44,000 after purchasing an additional 3,711 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Petco Health and Wellness by 14.3% during the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company’s stock valued at $172,000 after purchasing an additional 5,660 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Petco Health and Wellness by 253.7% during 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 in the last quarter. Diversified Trust Co boosted its position in shares of Petco Health and Wellness by 57.2% during the 4th quarter. Diversified Trust Co now owns 25,486 shares of the company’s stock valued at $97,000 after purchasing an additional 9,272 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Petco Health and Wellness during the 3rd quarter valued at about $58,000.

Petco Health and Wellness Stock Down 1.2 %

Shares of NASDAQ:WOOF opened at $3.25 on Friday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -8.13 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’s fifty day moving average is $4.03 and its two-hundred day moving average is $3.97. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84.

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.