Petco Health and Wellness (NASDAQ:WOOF) Receives “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of Petco Health and Wellness (NASDAQ:WOOF) in a research report sent to investors on Wednesday,RTT News reports. The brokerage currently has a $6.00 price target on the stock.

WOOF has been the subject of several other reports. Wells Fargo & Company upped their target price 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 lowered Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. Finally, Morgan Stanley reduced 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 report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.16.

Petco Health and Wellness Stock Performance

WOOF stock opened at $2.91 on Wednesday. The firm has a market cap of $912.14 million, a PE ratio of -7.28 and a beta of 1.88. 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 business has a 50 day moving average of $3.66 and a 200-day moving average of $3.95. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $6.29.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Petco Health and Wellness by 3.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,615 shares of the company’s stock worth $1,279,000 after acquiring an additional 11,202 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Petco Health and Wellness during the fourth quarter worth $1,290,000. Soviero Asset Management LP purchased a new stake in shares of Petco Health and Wellness during the fourth quarter worth $1,334,000. Toronto Dominion Bank purchased a new stake in shares of Petco Health and Wellness during the fourth quarter worth $92,000. Finally, Sherbrooke Park Advisers LLC lifted its position in shares of Petco Health and Wellness by 48.9% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 144,043 shares of the company’s stock worth $549,000 after acquiring an additional 47,322 shares in the last quarter.

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.