Petco Health and Wellness (NASDAQ:WOOF) Trading Up 5.3% – What’s Next?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price shot up 5.3% during trading on Thursday . The company traded as high as $4.18 and last traded at $4.16. 537,990 shares changed hands during trading, a decline of 88% from the average session volume of 4,541,393 shares. The stock had previously closed at $3.95.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WOOF shares. Citigroup lifted their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Morgan Stanley lifted their price target on Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Wedbush lifted their target price on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group dropped their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.25.

Petco Health and Wellness Stock Up 7.6 %

The stock has a 50-day moving average price of $4.41 and a 200-day moving average price of $3.91. The company has a market capitalization of $1.33 billion, a P/E ratio of -10.63 and a beta of 1.89. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22.

Hedge Funds Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caprock Group LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth approximately $44,000. Choreo LLC bought a new stake in Petco Health and Wellness in the second quarter valued at $45,000. Frank Rimerman Advisors LLC acquired a new position in shares of Petco Health and Wellness during the second quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. boosted 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 in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Petco Health and Wellness in the 2nd quarter valued at about $52,000.

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.