Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Price Target at $4.11

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) has earned a consensus rating of "Hold" from the eight research firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $4.00.

WOOF has been the topic of several recent research reports. Wedbush cut their target price on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada cut their target price on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. UBS Group cut their target price on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Wall Street Zen raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Finally, The Goldman Sachs Group lifted their price objective on 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bleakley Financial Group LLC raised its position in shares of Petco Health and Wellness by 14.3% in the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company's stock worth $172,000 after acquiring an additional 5,660 shares in the last quarter. Principal Financial Group Inc. increased its position in Petco Health and Wellness by 27.0% in the 4th quarter. Principal Financial Group Inc. now owns 203,121 shares of the company's stock valued at $774,000 after buying an additional 43,229 shares in the last quarter. Norges Bank bought a new stake in Petco Health and Wellness in the 4th quarter valued at about $8,864,000. BNP Paribas Financial Markets bought a new stake in Petco Health and Wellness in the 4th quarter valued at about $1,428,000. Finally, Commonwealth Equity Services LLC bought a new stake in Petco Health and Wellness in the 4th quarter valued at about $89,000.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF traded down $0.06 during mid-day trading on Monday, hitting $3.63. 2,823,530 shares of the stock traded hands, compared to its average volume of 4,411,696. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. Petco Health and Wellness has a twelve month low of $2.23 and a twelve month high of $6.29. The company has a market cap of $1.14 billion, a PE ratio of -9.08 and a beta of 1.74. The firm has a 50 day simple moving average of $3.09 and a two-hundred day simple moving average of $3.48.

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.