Petco Health and Wellness’ (WOOF) “Outperform” Rating Reiterated at Wedbush

Petco Health and Wellness (NASDAQ:WOOF)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a report issued on Wednesday,RTT News reports. They currently have a $6.00 target price on the stock. Wedbush’s price objective indicates a potential upside of 93.55% from the company’s current price.

Several other equities analysts also recently commented on WOOF. StockNews.com downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Sunday. 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 report on Tuesday, January 21st. Wells Fargo & Company boosted their price objective 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. Finally, Royal Bank of Canada reaffirmed 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.16.

Petco Health and Wellness Stock Performance

NASDAQ WOOF traded down $0.04 during trading hours on Wednesday, reaching $3.10. 14,020,529 shares of the company were exchanged, compared to its average volume of 3,933,482. 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 stock has a market capitalization of $971.70 million, a P/E ratio of -7.75 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. The business’s 50 day simple moving average is $3.76 and its 200-day simple moving average is $3.96.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Petco Health and Wellness during the 4th quarter valued at $25,000. Scotia Capital Inc. bought a new position in Petco Health and Wellness during the fourth quarter valued at approximately $41,000. New York State Common Retirement Fund raised its position in Petco Health and Wellness by 47.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after purchasing an additional 3,711 shares during the period. Blueprint Investment Partners LLC purchased a new position in shares of Petco Health and Wellness in the fourth quarter worth about $44,000. Finally, Quantinno Capital Management LP bought a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $45,000.

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.