Petco Health and Wellness (NASDAQ:WOOF) Earns “Outperform” Rating from Wedbush

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

WOOF has been the topic of several other reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research report on Friday, December 20th. 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 report on Friday, December 6th. StockNews.com cut Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Morgan Stanley lowered their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.16.

Petco Health and Wellness Trading Down 1.3 %

Shares of NASDAQ:WOOF traded down $0.04 on Wednesday, hitting $3.10. The company had a trading volume of 14,020,529 shares, compared to its average volume of 3,933,482. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year 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 $3.76 and its two-hundred day simple moving average is $3.96. The firm has a market capitalization of $971.70 million, a price-to-earnings ratio of -7.75 and a beta of 1.88.

Institutional Trading of Petco Health and Wellness

Institutional investors and hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund lifted its stake 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 worth $44,000 after buying an additional 3,711 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Petco Health and Wellness by 41.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock valued at $60,000 after acquiring an additional 4,610 shares in the last quarter. Swiss National Bank boosted its stake in Petco Health and Wellness by 2.6% during the 4th quarter. Swiss National Bank now owns 186,100 shares of the company’s stock valued at $709,000 after purchasing an additional 4,800 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Petco Health and Wellness by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company’s stock worth $3,775,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in shares of Petco Health and Wellness by 14.3% in the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company’s stock worth $172,000 after purchasing an additional 5,660 shares in the last quarter.

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.