Petco Health and Wellness (NASDAQ:WOOF) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Petco Health and Wellness (NASDAQ:WOOF) from a buy rating to a hold rating in a report issued on Friday.

Several other research firms have also recently weighed in on WOOF. Morgan Stanley lowered their price objective 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 report on Tuesday, January 21st. 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. Wells Fargo & Company upped their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Wedbush increased their price target on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.16.

Petco Health and Wellness Price Performance

WOOF opened at $3.42 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. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The business has a fifty day simple moving average of $4.12 and a 200-day simple moving average of $3.98.

Institutional Trading of Petco Health and Wellness

Several large investors have recently made changes to their positions in the stock. New York State Common Retirement Fund boosted its holdings in Petco Health and Wellness by 47.6% during the fourth 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. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after purchasing an additional 8,056 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Petco Health and Wellness during the 3rd quarter valued at approximately $58,000. Sanctuary Advisors LLC bought a new stake in Petco Health and Wellness in the 3rd quarter valued at $66,000. Finally, Diversified Trust Co raised its stake in shares of Petco Health and Wellness by 57.2% in the 4th quarter. Diversified Trust Co now owns 25,486 shares of the company’s stock valued at $97,000 after buying an additional 9,272 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.