Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Average Rating of “Hold” by Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $4.25.

Several brokerages have weighed in on WOOF. Wedbush increased their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. The Goldman Sachs Group lowered their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Citigroup boosted their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company raised their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a research note on Friday, December 20th.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $4.13 on Friday. The stock has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $3.91. 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 stock has a market cap of $1.29 billion, a PE ratio of -10.33 and a beta of 1.89. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $6.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WOOF. Point72 Asset Management L.P. raised its stake in Petco Health and Wellness by 1,212.7% in the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after buying an additional 1,677,179 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its position in shares of Petco Health and Wellness by 50.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company’s stock worth $3,149,000 after acquiring an additional 280,644 shares in the last quarter. PDT Partners LLC purchased a new stake in Petco Health and Wellness during the third quarter worth approximately $865,000. Invenomic Capital Management LP acquired a new position in Petco Health and Wellness in the third quarter valued at approximately $2,747,000. Finally, FMR LLC increased its stake in Petco Health and Wellness by 170.9% in the third quarter. FMR LLC now owns 1,521,516 shares of the company’s stock valued at $6,923,000 after purchasing an additional 959,960 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.