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

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have been assigned an average rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat reports. One 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 12-month price objective among brokers that have updated their coverage on the stock in the last year is $4.25.

Several analysts recently commented on WOOF shares. Royal Bank of Canada restated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. Wedbush lifted their price target on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Citigroup increased their price target on 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. The Goldman Sachs Group cut their price objective on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Finally, Morgan Stanley increased 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.

Petco Health and Wellness Trading Up 4.6 %

Petco Health and Wellness stock opened at $4.13 on Friday. The firm has a market cap of $1.29 billion, a PE ratio of -10.33 and a beta of 1.89. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $6.29. The stock’s 50 day simple moving average is $4.40 and its two-hundred day simple moving average is $3.91. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Hedge Funds Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. raised its holdings in Petco Health and Wellness by 253.7% in the 3rd 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 acquired a new stake in shares of Petco Health and Wellness in the second quarter valued at approximately $44,000. Choreo LLC purchased a new position in Petco Health and Wellness during the second quarter worth approximately $45,000. Quadrature Capital Ltd acquired a new position in Petco Health and Wellness during the third quarter worth $58,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in Petco Health and Wellness in the 2nd quarter valued at $50,000.

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.