Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Consensus Rating of “Hold” from Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.25.

Several research firms have weighed in on WOOF. Citigroup raised their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. The Goldman Sachs Group decreased their price target on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Morgan Stanley lifted their price objective on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company increased their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th.

Petco Health and Wellness Trading Down 5.1 %

Shares of WOOF stock opened at $3.93 on Friday. The company has a market capitalization of $1.23 billion, a PE ratio of -9.83 and a beta of 1.89. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $6.29. The business’s fifty day moving average is $4.48 and its 200 day moving average is $3.91. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caprock Group LLC purchased a new stake in Petco Health and Wellness during the 2nd quarter valued at $44,000. Choreo LLC bought a new position in shares of Petco Health and Wellness during the second quarter valued at about $45,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Petco Health and Wellness during the second quarter worth about $50,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Petco Health and Wellness by 253.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after purchasing an additional 8,056 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Petco Health and Wellness in the second quarter worth about $52,000.

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.