Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $4.25 Average Target Price from Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $4.25.

WOOF has been the topic of a number of analyst reports. Citigroup upped their price objective on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Morgan Stanley upped their target price on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. The Goldman Sachs Group reduced 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. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Friday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norden Group LLC boosted its stake in shares of Petco Health and Wellness by 31.7% in the second quarter. Norden Group LLC now owns 17,860 shares of the company’s stock valued at $68,000 after buying an additional 4,301 shares during the period. HB Wealth Management LLC raised its holdings in Petco Health and Wellness by 21.6% in the 2nd quarter. HB Wealth Management LLC now owns 25,949 shares of the company’s stock valued at $98,000 after acquiring an additional 4,615 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after acquiring an additional 8,056 shares during the period. Caprock Group LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth $44,000. Finally, Choreo LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth $45,000.

Petco Health and Wellness Stock Performance

WOOF opened at $3.96 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The business’s 50-day simple moving average is $4.46 and its 200 day simple moving average is $3.90. The firm has a market capitalization of $1.24 billion, a PE ratio of -9.90 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.

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.