Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $4.16 Consensus Target Price from Analysts

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.16.

WOOF has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, February 19th. StockNews.com cut Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Wells Fargo & Company increased their price target on 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 reissued an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. Finally, Morgan Stanley reduced their price target on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st.

Petco Health and Wellness Trading Up 2.4 %

Shares of NASDAQ:WOOF opened at $2.58 on Wednesday. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $6.29. The stock has a market cap of $808.70 million, a PE ratio of -6.45 and a beta of 1.88. The business has a 50 day moving average of $3.40 and a 200-day moving average of $3.96. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40.

Institutional Investors Weigh In On Petco Health and Wellness

A number of large investors have recently modified their holdings of WOOF. Dimensional Fund Advisors LP boosted its holdings in shares of Petco Health and Wellness by 269.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock valued at $12,354,000 after purchasing an additional 2,365,654 shares in the last quarter. Norges Bank acquired a new stake in shares of Petco Health and Wellness in the 4th quarter valued at $8,864,000. Bridgeway Capital Management LLC acquired a new stake in shares of Petco Health and Wellness in the 4th quarter valued at $8,604,000. Driehaus Capital Management LLC acquired a new stake in shares of Petco Health and Wellness in the 4th quarter valued at $6,887,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Petco Health and Wellness by 513.6% in the 4th quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company’s stock valued at $8,009,000 after purchasing an additional 1,759,570 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.