Analysts Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Target Price at $3.89

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has earned an average rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $3.8850.

Several analysts have issued reports on WOOF shares. Zacks Research downgraded shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. The Goldman Sachs Group downgraded Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price target on the stock. in a report on Monday, April 13th. Wall Street Zen lowered Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Jefferies Financial Group upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their price objective for the company from $4.05 to $5.00 in a report on Thursday, March 12th. Finally, Citigroup cut their price objective on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, June 4th.

Petco Health and Wellness Stock Performance

Petco Health and Wellness stock opened at $2.75 on Tuesday. The company’s 50-day moving average price is $2.76 and its 200-day moving average price is $2.79. Petco Health and Wellness has a twelve month low of $2.24 and a twelve month high of $4.51. The company has a quick ratio of 0.29, a current ratio of 0.85 and a debt-to-equity ratio of 1.27. The company has a market cap of $889.24 million, a PE ratio of 137.57, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in shares of 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 worth $749,000 after acquiring an additional 16,825 shares during the period. Amundi bought a new stake in Petco Health and Wellness during the 1st quarter valued at $54,000. Renaissance Technologies LLC purchased a new stake in shares of Petco Health and Wellness in the 1st quarter worth $1,455,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Petco Health and Wellness in the 1st quarter worth $527,000. Finally, Sei Investments Co. grew its position 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 worth $415,000 after buying an additional 39,762 shares in the last quarter.

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.