Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Average Recommendation of “Hold” from Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. One equities 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 12 month price target among brokerages that have issued a report on the stock in the last year is $4.25.

Several analysts recently commented on WOOF shares. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. Wells Fargo & Company upped their target price on 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. Morgan Stanley lifted their price target on Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Finally, Wedbush increased their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Friday, December 6th.

Petco Health and Wellness Trading Up 0.8 %

NASDAQ:WOOF opened at $3.77 on Tuesday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -9.43 and a beta of 1.90. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29. The stock has a fifty day moving average price of $4.27 and a two-hundred day moving average price of $3.95. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Petco Health and Wellness by 253.9% during the second quarter. Bank of New York Mellon Corp now owns 721,630 shares of the company’s stock valued at $2,728,000 after buying an additional 517,738 shares during the period. Rhumbline Advisers lifted its stake in shares of Petco Health and Wellness by 69.3% during the 2nd quarter. Rhumbline Advisers now owns 126,631 shares of the company’s stock worth $479,000 after purchasing an additional 51,840 shares during the period. Choreo LLC purchased a new position in shares of Petco Health and Wellness during the 2nd quarter worth $45,000. American Century Companies Inc. boosted its holdings in shares of Petco Health and Wellness by 50.6% during the second quarter. American Century Companies Inc. now owns 142,036 shares of the company’s stock worth $537,000 after purchasing an additional 47,750 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Petco Health and Wellness by 124.0% in the second quarter. Renaissance Technologies LLC now owns 1,128,038 shares of the company’s stock valued at $4,264,000 after purchasing an additional 624,338 shares during the period.

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.