Analysts Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Price Target at $4.25

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.25.

Several equities analysts have issued reports on the stock. 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 research note on Friday, December 6th. Wells Fargo & Company increased 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 objective on shares of Petco Health and Wellness in a research note on Friday, December 20th. 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, Wedbush increased their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. Choreo LLC purchased a new stake in Petco Health and Wellness during the 2nd quarter valued at approximately $45,000. Frank Rimerman Advisors LLC purchased a new stake in Petco Health and Wellness during the 2nd quarter valued at approximately $50,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in 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 buying an additional 8,056 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Petco Health and Wellness during the 3rd quarter valued at approximately $58,000. Finally, Sanctuary Advisors LLC purchased a new stake in Petco Health and Wellness during the 3rd quarter valued at approximately $66,000.

Petco Health and Wellness Price Performance

WOOF opened at $3.70 on Tuesday. 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 stock has a market capitalization of $1.16 billion, a P/E ratio of -9.25 and a beta of 1.90. The company’s 50-day simple moving average is $4.24 and its two-hundred day simple moving average is $3.95. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $6.29.

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.