Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $4.25 Consensus Target Price from Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $4.25.

WOOF has been the topic of a number of research analyst reports. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Wedbush raised their price objective on 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. The Goldman Sachs Group lowered their target price on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Wells Fargo & Company increased their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a report on Friday.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $3.96 on Friday. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.90 and a beta of 1.89. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The firm’s 50 day simple moving average is $4.46 and its 200 day simple moving average is $3.90.

Institutional Investors Weigh In On Petco Health and Wellness

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its holdings in shares of Petco Health and Wellness by 82.1% during the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock worth $22,661,000 after purchasing an additional 2,953,667 shares during the period. Millennium Management LLC raised its position in Petco Health and Wellness by 233.7% during the 2nd quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after purchasing an additional 1,876,233 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Petco Health and Wellness by 1,212.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after buying an additional 1,677,179 shares during the last quarter. Marshall Wace LLP grew its position in shares of Petco Health and Wellness by 47.3% in the 2nd quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock valued at $12,857,000 after buying an additional 1,092,204 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Petco Health and Wellness by 170.9% in the third quarter. FMR LLC now owns 1,521,516 shares of the company’s stock valued at $6,923,000 after buying an additional 959,960 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.