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

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have been given a consensus recommendation of “Hold” by the eleven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.25.

WOOF has been the subject of a number of research analyst reports. Wedbush increased their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Wells Fargo & Company increased their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Friday, December 20th. Morgan Stanley increased their price target on Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Monday, December 9th.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently bought and sold shares of WOOF. Holocene Advisors LP grew its position in shares of Petco Health and Wellness by 8.7% during the third quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock worth $34,386,000 after buying an additional 602,602 shares in the last quarter. AQR Capital Management LLC boosted its stake in Petco Health and Wellness by 82.1% during the 2nd quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock valued at $22,661,000 after acquiring an additional 2,953,667 shares during the last quarter. Marshall Wace LLP grew its holdings in Petco Health and Wellness by 47.3% during the 2nd quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock worth $12,857,000 after acquiring an additional 1,092,204 shares in the last quarter. Millennium Management LLC increased its position in shares of Petco Health and Wellness by 233.7% in 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. Finally, Geode Capital Management LLC raised its stake in shares of Petco Health and Wellness by 9.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock valued at $10,068,000 after purchasing an additional 186,230 shares in the last quarter.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF opened at $3.65 on Tuesday. The business has a 50-day moving average of $4.21 and a two-hundred day moving average of $3.95. The firm has a market capitalization of $1.14 billion, a PE ratio of -9.13 and a beta of 1.90. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $6.29.

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.