Petco Health and Wellness (NASDAQ:WOOF) Trading 5.8% Higher

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) traded up 5.8% on Thursday . The company traded as high as $3.12 and last traded at $3.09. 619,071 shares were traded during trading, a decline of 87% from the average session volume of 4,590,414 shares. The stock had previously closed at $2.92.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WOOF. Wedbush restated an “outperform” rating and issued a $5.00 price target (up from $4.00) on shares of Petco Health and Wellness in a research note on Thursday, July 18th. Citigroup boosted their price objective on Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. UBS Group upped their target price on Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Royal Bank of Canada upped their target price on Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $3.36.

Petco Health and Wellness Stock Performance

The business has a 50-day moving average price of $3.08 and a 200-day moving average price of $2.71. The firm has a market capitalization of $910.59 million, a price-to-earnings ratio of -0.59 and a beta of 1.88. The company has a quick ratio of 0.21, a current ratio of 0.85 and a debt-to-equity ratio of 1.35.

Hedge Funds Weigh In On Petco Health and Wellness

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth about $30,000. Norden Group LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth about $31,000. Caprock Group LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth about $44,000. Choreo LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth about $45,000. Finally, HB Wealth Management LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth about $49,000.

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.