Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 5% - What's Next?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) traded up 5% during trading on Monday . The company traded as high as $3.19 and last traded at $3.25. 644,944 shares were traded during trading, a decline of 85% from the average session volume of 4,326,277 shares. The stock had previously closed at $3.09.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WOOF. UBS Group dropped their price target on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Wedbush lowered their price target 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. The Goldman Sachs Group upped their target price 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. Morgan Stanley dropped their price objective 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, Robert W. Baird dropped their price target on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $4.11.

Petco Health and Wellness Trading Up 1.7 %

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 company's 50 day moving average price is $2.85 and its two-hundred day moving average price is $3.61. The firm has a market cap of $964.29 million, a PE ratio of -7.65 and a beta of 1.74.

Institutional Investors Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Petco Health and Wellness by 269.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock valued at $12,354,000 after purchasing an additional 2,365,654 shares during the period. Norges Bank purchased a new position in Petco Health and Wellness during the 4th quarter worth $8,864,000. Bridgeway Capital Management LLC bought a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $8,604,000. Driehaus Capital Management LLC bought a new position in Petco Health and Wellness in the fourth quarter worth approximately $6,887,000. Finally, Nuveen Asset Management LLC raised its holdings in Petco Health and Wellness by 513.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company's stock worth $8,009,000 after purchasing an additional 1,759,570 shares in 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.