Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $4.16 Average Target Price from Analysts

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings 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 1 year target price among analysts that have issued ratings on the stock in the last year is $4.16.

WOOF has been the topic of several recent research reports. 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 report on Friday, December 20th. Wedbush upped their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, February 8th. Wells Fargo & Company upped their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Morgan Stanley reduced their target price on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st.

Petco Health and Wellness Price Performance

Petco Health and Wellness stock opened at $2.95 on Friday. 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. The firm’s 50-day simple moving average is $3.82 and its 200 day simple moving average is $3.95. The firm has a market capitalization of $924.67 million, a PE ratio of -7.38 and a beta of 1.88.

Institutional Trading of Petco Health and Wellness

A number of institutional investors and hedge funds have recently bought and sold shares of WOOF. The Manufacturers Life Insurance Company acquired a new stake in Petco Health and Wellness during the 2nd quarter worth approximately $135,000. International Assets Investment Management LLC increased its position in Petco Health and Wellness by 311.1% during the 3rd quarter. International Assets Investment Management LLC now owns 170,398 shares of the company’s stock worth $775,000 after purchasing an additional 128,948 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in Petco Health and Wellness during the 3rd quarter worth approximately $2,120,000. Principal Financial Group Inc. acquired a new stake in Petco Health and Wellness during the 3rd quarter worth approximately $728,000. Finally, Versor Investments LP acquired a new stake in Petco Health and Wellness during the 3rd quarter worth approximately $175,000.

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.