Petco Health and Wellness (NASDAQ:WOOF) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Petco Health and Wellness (NASDAQ:WOOF) from a buy rating to a hold rating in a report issued on Sunday morning.

A number of other research firms also recently weighed in on WOOF. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. Wells Fargo & Company boosted their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Morgan Stanley dropped their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Wedbush boosted their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.16.

Petco Health and Wellness Price Performance

NASDAQ:WOOF opened at $3.14 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The company has a 50-day moving average of $3.76 and a 200-day moving average of $3.96. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $6.29. The company has a market capitalization of $984.23 million, a price-to-earnings ratio of -7.85 and a beta of 1.88.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of Petco Health and Wellness during the fourth quarter worth approximately $25,000. Scotia Capital Inc. bought a new position in Petco Health and Wellness in the 4th quarter worth approximately $41,000. New York State Common Retirement Fund lifted its holdings in Petco Health and Wellness by 47.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after buying an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC bought a new position in Petco Health and Wellness in the 4th quarter valued at $44,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Petco Health and Wellness in the 4th quarter valued at $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.