Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Average Recommendation of “Hold” by Analysts

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $3.85.

WOOF has been the subject of several research analyst reports. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Robert W. Baird cut their price objective on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday. The Goldman Sachs Group increased their target price on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a research report on Thursday. Citigroup lowered their target price on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Finally, Royal Bank of Canada decreased their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday.

Hedge Funds Weigh In On Petco Health and Wellness

A number of hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in Petco Health and Wellness in the fourth quarter worth about $25,000. Scotia Capital Inc. purchased a new position in Petco Health and Wellness in the 4th quarter worth approximately $41,000. New York State Common Retirement Fund lifted 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 valued at $44,000 after acquiring an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC purchased a new stake in Petco Health and Wellness during the 4th quarter valued at $44,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Petco Health and Wellness in the 4th quarter worth $45,000.

Petco Health and Wellness Stock Performance

Shares of WOOF stock opened at $2.96 on Friday. The firm has a market capitalization of $927.81 million, a price-to-earnings ratio of -7.40 and a beta of 1.92. The stock has a fifty day moving average of $2.97 and a 200 day moving average of $3.92. 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.

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.