Petco Health and Wellness (NASDAQ:WOOF) Earns “Outperform” Rating from Wedbush

Petco Health and Wellness (NASDAQ:WOOF)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a research note issued to investors on Wednesday,RTT News reports. They currently have a $6.00 price objective on the stock. Wedbush’s target price points to a potential upside of 100.67% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their price target 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. Morgan Stanley dropped their target price 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. StockNews.com downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.16.

Petco Health and Wellness Stock Down 3.5 %

Shares of NASDAQ:WOOF opened at $2.99 on Wednesday. The company has a market capitalization of $937.22 million, a price-to-earnings ratio of -7.48 and a beta of 1.88. The company has a 50 day moving average of $3.69 and a two-hundred day moving average of $3.95. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $6.29. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund boosted its stake 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 period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Petco Health and Wellness by 41.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock worth $60,000 after purchasing an additional 4,610 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Petco Health and Wellness by 2.6% in the 4th quarter. Swiss National Bank now owns 186,100 shares of the company’s stock worth $709,000 after purchasing an additional 4,800 shares during the last quarter. Renaissance Technologies LLC boosted its position in Petco Health and Wellness by 0.5% during the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company’s stock valued at $3,775,000 after purchasing an additional 5,100 shares during the period. Finally, Bleakley Financial Group LLC grew its stake in Petco Health and Wellness by 14.3% during the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company’s stock worth $172,000 after buying an additional 5,660 shares during the last quarter.

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.