Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $4.16 Consensus PT from Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research 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 analysts that have issued ratings on the stock in the last year is $4.16.

A number of brokerages have recently commented on WOOF. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. Morgan Stanley decreased their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Finally, Wedbush boosted their price objective on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Friday, December 6th.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $3.06 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The stock has a market capitalization of $959.16 million, a PE ratio of -7.65 and a beta of 1.88. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $6.29. The business’s fifty day moving average price is $3.91 and its 200 day moving average price is $3.96.

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WOOF. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of 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 worth $51,000 after buying an additional 8,056 shares in the last quarter. Blueprint Investment Partners LLC purchased a new position in shares of Petco Health and Wellness during the fourth quarter worth approximately $44,000. New York State Common Retirement Fund grew its holdings in shares of Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after purchasing an additional 3,711 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Petco Health and Wellness in the third quarter worth approximately $58,000. Finally, Sanctuary Advisors LLC bought a new stake in Petco Health and Wellness in the third quarter valued at $66,000.

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.