Petco Health and Wellness (NASDAQ:WOOF) Upgraded at StockNews.com

Petco Health and Wellness (NASDAQ:WOOF) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

WOOF has been the subject of several other research reports. Morgan Stanley dropped their price target on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company lifted 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. Royal Bank of Canada restated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a research report on Friday, December 20th. Finally, Wedbush reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.16.

Petco Health and Wellness Price Performance

Shares of WOOF stock traded down $0.01 during trading hours on Tuesday, hitting $2.58. The stock had a trading volume of 2,982,785 shares, compared to its average volume of 3,811,552. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The stock’s 50-day moving average price is $3.32 and its two-hundred day moving average price is $3.97. The stock has a market capitalization of $808.70 million, a price-to-earnings ratio of -6.45 and a beta of 1.92.

Hedge Funds Weigh In On Petco Health and Wellness

A number of large investors have recently bought and sold shares of WOOF. Principal Financial Group Inc. bought a new position in Petco Health and Wellness in the third quarter worth approximately $728,000. Versor Investments LP acquired a new position in shares of Petco Health and Wellness during the third quarter worth $175,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Petco Health and Wellness by 30.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,079,122 shares of the company’s stock worth $4,910,000 after purchasing an additional 251,929 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Petco Health and Wellness during the third quarter worth $144,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Petco Health and Wellness during the third quarter worth $412,000.

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.