Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $3.85 Consensus PT from Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $3.85.

WOOF has been the subject of several analyst reports. Royal Bank of Canada lowered their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday, March 27th. Citigroup decreased their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Robert W. Baird lowered their price objective on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group increased their target price on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a research note on Thursday, March 27th.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $2.96 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29. The stock has a 50-day moving average of $2.94 and a 200-day moving average of $3.90. The company has a market cap of $927.81 million, a PE ratio of -7.40 and a beta of 1.92.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. PDT Partners LLC bought a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at about $865,000. Invenomic Capital Management LP purchased a new position in shares of Petco Health and Wellness during the 3rd quarter worth approximately $2,747,000. JPMorgan Chase & Co. raised its position in shares of Petco Health and Wellness by 328.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock worth $8,014,000 after acquiring an additional 1,349,728 shares in the last quarter. FMR LLC lifted its stake in shares of Petco Health and Wellness by 170.9% in the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company’s stock valued at $6,923,000 after purchasing an additional 959,960 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in shares of Petco Health and Wellness during the third quarter valued at approximately $728,000.

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.