Petco Health and Wellness (NASDAQ:WOOF) Upgraded by Wall Street Zen to Buy Rating

Petco Health and Wellness (NASDAQ:WOOF) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities analysts also recently issued reports on the company. UBS Group raised their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. The Goldman Sachs Group cut Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price objective for the company. in a research report on Monday, April 13th. Zacks Research downgraded Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. Finally, Jefferies Financial Group upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and increased their price objective for the stock from $4.05 to $5.00 in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.88.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $2.62 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.29 and a debt-to-equity ratio of 1.27. Petco Health and Wellness has a 12 month low of $2.24 and a 12 month high of $4.51. The company has a market cap of $847.20 million, a PE ratio of 131.07, a price-to-earnings-growth ratio of 3.04 and a beta of 1.54. The company has a 50 day simple moving average of $2.74 and a two-hundred day simple moving average of $2.78.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in Petco Health and Wellness by 6.7% during the first quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock valued at $749,000 after purchasing an additional 16,825 shares in the last quarter. Amundi bought a new position in shares of Petco Health and Wellness in the first quarter worth about $54,000. Renaissance Technologies LLC purchased a new position in shares of Petco Health and Wellness during the 1st quarter valued at about $1,455,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Petco Health and Wellness during the 1st quarter valued at approximately $527,000. Finally, Sei Investments Co. grew its stake in shares of Petco Health and Wellness by 36.3% during the 1st quarter. Sei Investments Co. now owns 149,391 shares of the company’s stock valued at $415,000 after acquiring an additional 39,762 shares during the period.

Petco Health and Wellness Company Profile

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.