Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Average Rating of "Hold" from Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) have received a consensus rating of "Hold" from the nine analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $4.11.

A number of research firms recently weighed in on WOOF. UBS Group lowered their price target 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. The Goldman Sachs Group upped their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a report on Thursday, March 27th. Morgan Stanley lowered 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 report on Tuesday, January 21st. Robert W. Baird lowered their price target on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, StockNews.com upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th.

Petco Health and Wellness Stock Performance

Shares of WOOF stock opened at $3.33 on Monday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -8.33 and a beta of 1.74. The stock has a 50 day simple moving average of $2.96 and a 200-day simple moving average of $3.50. Petco Health and Wellness has a 12-month low of $2.23 and a 12-month 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.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund boosted its holdings in shares of Petco Health and Wellness by 47.6% during 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. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Petco Health and Wellness by 40.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company's stock worth $60,000 after purchasing an additional 4,526 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Petco Health and Wellness by 41.0% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company's stock worth $60,000 after purchasing an additional 4,610 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Petco Health and Wellness by 2.6% during the fourth quarter. Swiss National Bank now owns 186,100 shares of the company's stock worth $709,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Petco Health and Wellness by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company's stock worth $3,775,000 after buying an additional 5,100 shares during the period.

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.

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