Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $4.11

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.11.

WOOF has been the subject of several analyst reports. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. UBS Group lowered their price target on Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Royal Bank of Canada decreased their target price on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Citigroup decreased 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 report on Tuesday, March 18th. Finally, Wedbush cut their price target on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, March 27th.

Petco Health and Wellness Stock Down 5.4%

NASDAQ:WOOF opened at $3.65 on Monday. The firm’s 50-day moving average price is $3.04 and its 200-day moving average price is $3.50. The company has a market capitalization of $1.15 billion, a PE ratio of -9.13 and a beta of 1.74. 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 1-year low of $2.23 and a 1-year high of $6.29.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund increased its position in shares of Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after buying an additional 3,711 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Petco Health and Wellness by 40.0% during the 4th 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 period. Point72 Asia Singapore Pte. Ltd. lifted its stake in Petco Health and Wellness by 41.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock worth $60,000 after acquiring an additional 4,610 shares in the last quarter. Swiss National Bank raised its position in Petco Health and Wellness by 2.6% in the 4th quarter. Swiss National Bank now owns 186,100 shares of the company’s stock valued at $709,000 after purchasing an additional 4,800 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Petco Health and Wellness by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company’s stock valued at $3,775,000 after purchasing an additional 5,100 shares in the last quarter.

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.