Petco Health and Wellness (NASDAQ:WOOF) Stock Rating Upgraded by StockNews.com

Petco Health and Wellness (NASDAQ:WOOF) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research analysts have also issued reports on WOOF. Wells Fargo & Company increased their price objective on 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. Wedbush restated an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Citigroup lowered their target price on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research note on Friday, December 20th. Finally, Morgan Stanley lowered their target price on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.28.

Petco Health and Wellness Stock Up 1.2 %

Shares of WOOF stock opened at $2.44 on Thursday. The stock has a market cap of $764.81 million, a P/E ratio of -6.10 and a beta of 1.92. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29. The stock has a fifty day moving average price of $3.13 and a 200 day moving average price of $3.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22.

Hedge Funds Weigh In On Petco Health and Wellness

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. New York State Common Retirement Fund grew its position in shares of Petco Health and Wellness by 47.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after buying an additional 3,711 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Petco Health and Wellness by 40.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock worth $60,000 after buying an additional 4,526 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Petco Health and Wellness by 41.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock worth $60,000 after buying an additional 4,610 shares during the period. Swiss National Bank grew its position in shares of Petco Health and Wellness by 2.6% during the 4th quarter. Swiss National Bank now owns 186,100 shares of the company’s stock worth $709,000 after buying an additional 4,800 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Petco Health and Wellness by 0.5% during the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company’s stock worth $3,775,000 after buying an additional 5,100 shares during the period.

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.