Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Recommendation of "Hold" by Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) has been assigned an average recommendation of "Hold" from the nine brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.11.

A number of brokerages have weighed in on WOOF. Robert W. Baird decreased their price target on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, March 27th. StockNews.com raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Royal Bank of Canada decreased their price target 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. The Goldman Sachs Group increased their price objective on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Morgan Stanley dropped their price target 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in shares of Petco Health and Wellness during the 4th quarter worth approximately $25,000. Scotia Capital Inc. purchased a new stake in shares of Petco Health and Wellness during the fourth quarter valued at approximately $41,000. Teacher Retirement System of Texas bought a new stake in Petco Health and Wellness during the first quarter worth $42,000. New York State Common Retirement Fund boosted its position in 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. Finally, Blueprint Investment Partners LLC bought a new position in Petco Health and Wellness in the 4th quarter valued at $44,000.

Petco Health and Wellness Trading Down 4.6 %

NASDAQ:WOOF traded down $0.15 on Thursday, reaching $3.02. 1,161,393 shares of the stock traded hands, compared to its average volume of 4,324,688. The firm has a market capitalization of $950.10 million, a price-to-earnings ratio of -7.54 and a beta of 1.74. Petco Health and Wellness has a 1-year low of $1.50 and a 1-year high of $6.29. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The company's 50 day moving average is $2.84 and its 200-day moving average is $3.64.

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.