Wedbush Reiterates Outperform Rating for Petco Health and Wellness (NASDAQ:WOOF)

Wedbush restated their outperform rating on shares of Petco Health and Wellness (NASDAQ:WOOF) in a research report released on Wednesday morning,RTT News reports. They currently have a $6.00 target price on the stock.

A number of other equities research analysts have also commented on the stock. StockNews.com lowered shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Sunday. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Friday, December 20th. Morgan Stanley reduced 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 report on Tuesday, January 21st. Finally, Wells Fargo & Company increased their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.16.

Petco Health and Wellness Price Performance

WOOF opened at $3.10 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The stock’s 50 day simple moving average is $3.72 and its 200 day simple moving average is $3.96. The firm has a market cap of $971.70 million, a price-to-earnings ratio of -7.75 and a beta of 1.88. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new stake in Petco Health and Wellness during the fourth quarter worth about $25,000. Scotia Capital Inc. purchased a new stake in shares of Petco Health and Wellness in the 4th quarter worth approximately $41,000. New York State Common Retirement Fund raised its stake 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 buying an additional 3,711 shares during the last quarter. Blueprint Investment Partners LLC bought a new stake in Petco Health and Wellness in the fourth quarter worth $44,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Petco Health and Wellness in the fourth quarter worth $45,000.

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.