Petco Health and Wellness (NASDAQ:WOOF) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Petco Health and Wellness (NASDAQ:WOOF) from a buy rating to a hold rating in a research note released on Sunday.

Several other analysts have also recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. Morgan Stanley reduced their price target on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, Wedbush lifted their price objective on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Petco Health and Wellness presently has an average rating of “Hold” and an average target price of $4.16.

Petco Health and Wellness Stock Performance

Shares of NASDAQ WOOF opened at $2.95 on Friday. 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 firm has a market cap of $924.68 million, a price-to-earnings ratio of -7.38 and a beta of 1.88. The stock’s fifty day moving average price is $3.82 and its two-hundred day moving average price is $3.96.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in shares of Petco Health and Wellness in the fourth quarter worth $25,000. Scotia Capital Inc. acquired a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. raised its position 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 acquiring an additional 8,056 shares during the last quarter. Blueprint Investment Partners LLC acquired a new position in shares of Petco Health and Wellness in the fourth quarter worth approximately $44,000. Finally, New York State Common Retirement Fund boosted its holdings in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after acquiring an additional 3,711 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.