Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) PT at $3.85

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Five 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 a number of research reports. 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. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Morgan Stanley decreased their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada lowered their price target on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Finally, The Goldman Sachs Group upped their price objective on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a report on Thursday, March 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WOOF. Aster Capital Management DIFC Ltd acquired a new position in Petco Health and Wellness in the fourth quarter valued at about $25,000. Scotia Capital Inc. bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at about $41,000. New York State Common Retirement Fund raised its position in shares of 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 during the period. Blueprint Investment Partners LLC bought a new position in Petco Health and Wellness during the 4th quarter worth approximately $44,000. Finally, Quantinno Capital Management LP acquired a new position in Petco Health and Wellness during the fourth quarter valued at approximately $45,000.

Petco Health and Wellness Trading Down 2.7 %

WOOF stock opened at $2.86 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The stock has a market capitalization of $896.46 million, a price-to-earnings ratio of -7.15 and a beta of 1.92. The business has a fifty day moving average price of $2.89 and a 200 day moving average price of $3.87. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $6.29.

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.