Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Consensus Rating of “Hold” from Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned an average rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $3.8850.

Several analysts recently weighed in on the company. Citigroup decreased their target price on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a research note on Thursday, June 4th. The Goldman Sachs Group downgraded Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 target price for the company. in a research note on Monday, April 13th. Zacks Research downgraded Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. UBS Group raised their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, March 16th. Finally, Jefferies Financial Group upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating and raised their price objective for the stock from $4.05 to $5.00 in a research report on Thursday, March 12th.

Hedge Funds Weigh In On Petco Health and Wellness

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Petco Health and Wellness by 280.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 832,412 shares of the company’s stock valued at $3,221,000 after buying an additional 613,591 shares in the last quarter. Candlestick Capital Management LP acquired a new position in shares of Petco Health and Wellness in the 3rd quarter valued at $6,772,000. Union Square Park Capital Management LLC acquired a new position in shares of Petco Health and Wellness in the 3rd quarter valued at $677,000. Bleakley Financial Group LLC raised its stake in shares of Petco Health and Wellness by 37.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 151,550 shares of the company’s stock valued at $586,000 after buying an additional 41,436 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at $34,000.

Petco Health and Wellness Price Performance

Shares of NASDAQ:WOOF opened at $2.49 on Tuesday. The business has a 50 day moving average price of $2.79 and a 200 day moving average price of $2.81. Petco Health and Wellness has a twelve month low of $2.24 and a twelve month high of $4.51. The company has a market cap of $805.17 million, a price-to-earnings ratio of 124.56, a PEG ratio of 3.04 and a beta of 1.53. The company has a quick ratio of 0.29, a current ratio of 0.85 and a debt-to-equity ratio of 1.27.

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.