Petco Health and Wellness (NASDAQ:WOOF) Trading Up 3.2% – Still a Buy?

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) traded up 3.2% during trading on Monday . The stock traded as high as $3.06 and last traded at $3.06. 2,816,294 shares traded hands during trading, a decline of 38% from the average session volume of 4,554,405 shares. The stock had previously closed at $2.96.

Analyst Ratings Changes

WOOF has been the topic of a number of recent analyst reports. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. UBS Group cut their target price on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Wells Fargo & Company raised their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. The Goldman Sachs Group boosted their price objective on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Finally, Morgan Stanley lowered their target price on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $3.85.

Petco Health and Wellness Trading Up 11.5 %

The business has a 50-day moving average price of $2.94 and a 200-day moving average price of $3.90. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $1.03 billion, a P/E ratio of -8.25 and a beta of 1.92.

Institutional Investors Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Petco Health and Wellness by 40.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock valued at $60,000 after acquiring an additional 4,526 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Petco Health and Wellness during the fourth quarter worth about $61,000. Polar Asset Management Partners Inc. acquired a new stake in Petco Health and Wellness during the fourth quarter valued at approximately $1,450,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Petco Health and Wellness by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,615 shares of the company’s stock valued at $1,279,000 after purchasing an additional 11,202 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in shares of Petco Health and Wellness in the 4th quarter worth approximately $1,290,000.

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.