Petco Health and Wellness (NASDAQ:WOOF) Upgraded by StockNews.com to “Buy” Rating

Petco Health and Wellness (NASDAQ:WOOF) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

WOOF has been the subject of a number of other reports. Wedbush reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. Morgan Stanley dropped their price target on shares of 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. Wells Fargo & Company lifted their price target on shares of 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. Citigroup dropped 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 report on Tuesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.28.

Petco Health and Wellness Trading Up 1.2 %

Shares of WOOF stock opened at $2.44 on Thursday. The firm has a 50 day moving average price of $3.07 and a two-hundred day moving average price of $3.92. 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 company has a market capitalization of $764.81 million, a PE ratio of -6.10 and a beta of 1.92. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $6.29.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Petco Health and Wellness by 40.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock worth $60,000 after purchasing an additional 4,526 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Petco Health and Wellness in the fourth quarter worth $61,000. Polar Asset Management Partners Inc. bought a new stake in shares of Petco Health and Wellness in the fourth quarter worth $1,450,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Petco Health and Wellness by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,615 shares of the company’s stock worth $1,279,000 after purchasing an additional 11,202 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Petco Health and Wellness in the fourth quarter worth $1,290,000.

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.