Petco Health and Wellness (NASDAQ:WOOF) Trading Up 4.9% – Still a Buy?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) traded up 4.9% on Monday . The stock traded as high as $3.44 and last traded at $3.49. 737,728 shares traded hands during trading, a decline of 84% from the average session volume of 4,550,030 shares. The stock had previously closed at $3.33.

Analysts Set New Price Targets

A number of analysts have issued reports on WOOF shares. Wedbush decreased their target price on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. The Goldman Sachs Group increased their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Morgan Stanley lowered their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. UBS Group cut their target price on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Finally, Royal Bank of Canada reduced their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday, March 27th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4.11.

Petco Health and Wellness Stock Performance

The stock has a market capitalization of $1.22 billion, a P/E ratio of -9.65 and a beta of 1.74. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average price of $3.02 and a two-hundred day moving average price of $3.50.

Institutional Trading of Petco Health and Wellness

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Petco Health and Wellness during the 4th quarter valued at $25,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Petco Health and Wellness in the first quarter worth $31,000. R Squared Ltd boosted its stake in Petco Health and Wellness by 152.7% during the first quarter. R Squared Ltd now owns 10,670 shares of the company’s stock valued at $33,000 after buying an additional 6,447 shares during the period. Kapitalo Investimentos Ltda purchased a new position in Petco Health and Wellness during the first quarter worth about $37,000. Finally, Scotia Capital Inc. bought a new position in Petco Health and Wellness in the 4th quarter worth about $41,000.

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.