Petco Health and Wellness (NASDAQ:WOOF) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Petco Health and Wellness (NASDAQ:WOOF) from a hold rating to a buy rating in a report published on Thursday.

Several other analysts have also recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research report on Friday, December 20th. Wedbush restated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. Citigroup decreased their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a report on Tuesday. Morgan Stanley decreased their price target on shares of 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. Finally, Wells Fargo & Company lifted their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.28.

Petco Health and Wellness Trading Down 1.2 %

NASDAQ WOOF opened at $2.41 on Thursday. The firm’s 50 day moving average price is $3.10 and its two-hundred day moving average price is $3.93. 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 has a twelve month low of $1.41 and a twelve month high of $6.29. The stock has a market cap of $755.41 million, a price-to-earnings ratio of -6.03 and a beta of 1.92.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors and hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund lifted its position 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 buying an additional 3,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Petco Health and Wellness by 40.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock worth $60,000 after acquiring an additional 4,526 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Petco Health and Wellness by 41.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock worth $60,000 after acquiring an additional 4,610 shares during the last quarter. Swiss National Bank lifted its position in Petco Health and Wellness by 2.6% during the 4th quarter. Swiss National Bank now owns 186,100 shares of the company’s stock worth $709,000 after acquiring an additional 4,800 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Petco Health and Wellness by 0.5% during the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company’s stock worth $3,775,000 after acquiring an additional 5,100 shares during the last quarter.

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.