Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Target Price at $4.16

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat reports. One research 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 brokerages that have issued ratings on the stock in the last year is $4.16.

Several analysts have issued reports on the company. Morgan Stanley dropped 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 note on Tuesday, January 21st. StockNews.com downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Wells Fargo & Company lifted their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Wedbush reissued an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th.

Petco Health and Wellness Stock Performance

WOOF stock opened at $2.58 on Wednesday. The business’s 50-day moving average price is $3.40 and its two-hundred day moving average price is $3.96. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The firm has a market cap of $808.70 million, a PE ratio of -6.45 and a beta of 1.88. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29.

Institutional Trading of Petco Health and Wellness

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund increased its position in shares of 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. Point72 Asia Singapore Pte. Ltd. increased its position in Petco Health and Wellness by 41.0% during the fourth 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 last quarter. Swiss National Bank increased its position in Petco Health and Wellness by 2.6% during the fourth 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 last quarter. Renaissance Technologies LLC increased its position in Petco Health and Wellness by 0.5% during the fourth 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 last quarter. Finally, Bleakley Financial Group LLC increased its position in Petco Health and Wellness by 14.3% during the fourth 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.