Petco Health and Wellness (NASDAQ:WOOF) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Petco Health and Wellness (NASDAQ:WOOF – Get Rating) in a research report released on Thursday morning. The brokerage issued a hold rating on the stock.

WOOF has been the topic of a number of other reports. The Goldman Sachs Group reduced their price target on shares of Petco Health and Wellness from $18.00 to $16.00 and set a buy rating on the stock in a research report on Thursday, December 1st. Morgan Stanley reduced their price target on shares of Petco Health and Wellness from $14.00 to $12.00 and set an equal weight rating on the stock in a research report on Tuesday, January 17th. Citigroup downgraded shares of Petco Health and Wellness from a buy rating to a neutral rating and set a $11.00 price objective on the stock. in a research report on Monday, March 13th. Needham & Company LLC cut their price objective on shares of Petco Health and Wellness from $30.00 to $20.00 and set a buy rating on the stock in a research report on Monday, November 28th. Finally, Wedbush cut their price objective on shares of Petco Health and Wellness from $17.00 to $12.00 in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $13.67.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $9.81 on Thursday. Petco Health and Wellness has a fifty-two week low of $8.72 and a fifty-two week high of $22.75. The firm’s 50 day moving average is $10.74 and its two-hundred day moving average is $10.97. The company has a market cap of $2.24 billion, a P/E ratio of 30.66, a P/E/G ratio of 4.06 and a beta of 1.06. The company has a quick ratio of 0.28, a current ratio of 0.96 and a debt-to-equity ratio of 0.70.

Institutional Trading of Petco Health and Wellness

Several institutional investors have recently made changes to their positions in WOOF. Advisor Group Holdings Inc. lifted its stake in Petco Health and Wellness by 71.2% in the first quarter. Advisor Group Holdings Inc. now owns 34,560 shares of the company’s stock valued at $353,000 after acquiring an additional 14,371 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Petco Health and Wellness in the first quarter worth $349,000. Bank of New York Mellon Corp increased its position in Petco Health and Wellness by 422.9% during the first quarter. Bank of New York Mellon Corp now owns 1,451,917 shares of the company’s stock worth $28,416,000 after acquiring an additional 1,174,228 shares during the period. Cetera Advisor Networks LLC bought a new position in Petco Health and Wellness during the first quarter worth $265,000. Finally, MetLife Investment Management LLC bought a new position in Petco Health and Wellness during the first quarter worth $25,000. 62.27% of the stock is currently owned by institutional investors and hedge funds.

About Petco Health and Wellness

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Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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.