Petco Health and Wellness (NASDAQ:WOOF) Upgraded at StockNews.com

Petco Health and Wellness (NASDAQ:WOOF) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Other analysts also recently issued reports about the company. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a research note on Friday, December 20th. Wedbush restated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Morgan Stanley dropped their price target on 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. Finally, Wells Fargo & Company raised their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness presently has a consensus rating of “Hold” and an average price target of $4.16.

Petco Health and Wellness Stock Down 0.4 %

WOOF traded down $0.01 during trading on Tuesday, hitting $2.58. 2,982,785 shares of the company’s stock traded hands, compared to its average volume of 3,811,552. The company’s 50 day simple moving average is $3.32 and its two-hundred day simple moving average is $3.97. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $6.29. The stock has a market capitalization of $808.70 million, a price-to-earnings ratio of -6.45 and a beta of 1.92.

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new stake in Petco Health and Wellness during the fourth quarter valued at about $25,000. Scotia Capital Inc. bought a new stake in Petco Health and Wellness during the fourth quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Petco Health and Wellness by 253.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after acquiring an additional 8,056 shares during the period. Blueprint Investment Partners LLC bought a new stake in Petco Health and Wellness during the fourth quarter valued at about $44,000. Finally, New York State Common Retirement Fund raised 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.

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.