Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Recommendation of “Hold” by Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $3.8850.

A number of analysts have recently commented on WOOF shares. The Goldman Sachs Group lowered shares of Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price target for the company. in a research note on Monday, April 13th. Jefferies Financial Group upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and lifted their price target for the stock from $4.05 to $5.00 in a research note on Thursday, March 12th. Wall Street Zen lowered shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. UBS Group lifted their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Monday, March 16th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Petco Health and Wellness in a report on Thursday, June 11th.

Petco Health and Wellness Stock Up 5.4%

Petco Health and Wellness stock opened at $2.71 on Tuesday. The firm has a market cap of $876.31 million, a price-to-earnings ratio of 135.57, a PEG ratio of 3.14 and a beta of 1.53. The stock has a fifty day simple moving average of $2.77 and a two-hundred day simple moving average of $2.79. Petco Health and Wellness has a 12 month low of $2.24 and a 12 month high of $4.51. The company has a current ratio of 0.85, a quick ratio of 0.29 and a debt-to-equity ratio of 1.27.

Institutional Trading of Petco Health and Wellness

Several large investors have recently modified their holdings of WOOF. AQR Capital Management LLC grew its holdings in shares of Petco Health and Wellness by 9.1% in the first quarter. AQR Capital Management LLC now owns 1,274,588 shares of the company’s stock worth $3,887,000 after acquiring an additional 106,295 shares during the period. Goldman Sachs Group Inc. grew its position in Petco Health and Wellness by 60.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after buying an additional 1,367,299 shares during the period. Creative Planning grew its position in Petco Health and Wellness by 14.8% during the second quarter. Creative Planning now owns 36,779 shares of the company’s stock valued at $104,000 after buying an additional 4,734 shares during the period. Cetera Investment Advisers grew its position in Petco Health and Wellness by 17.6% during the second quarter. Cetera Investment Advisers now owns 28,419 shares of the company’s stock valued at $80,000 after buying an additional 4,258 shares during the period. Finally, Legal & General Group Plc grew its position in Petco Health and Wellness by 23.9% during the second quarter. Legal & General Group Plc now owns 126,352 shares of the company’s stock valued at $358,000 after buying an additional 24,369 shares during the period.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.