StockNews.com Begins Coverage on Petco Health and Wellness (NASDAQ:WOOF)

StockNews.com started coverage on shares of Petco Health and Wellness (NASDAQ:WOOF – Get Rating) in a research report report published on Thursday morning. The brokerage issued a hold rating on the stock.

WOOF has been the topic of a number of other reports. Wells Fargo & Company decreased their target price on shares of Petco Health and Wellness from $14.00 to $12.00 and set an overweight rating on the stock in a research note on Wednesday. Morgan Stanley decreased their price objective on shares of Petco Health and Wellness from $14.00 to $12.00 and set an equal weight rating for the company in a research report on Tuesday, January 17th. Wedbush decreased their price objective on shares of Petco Health and Wellness from $17.00 to $12.00 in a research report on Wednesday. Citigroup cut shares of Petco Health and Wellness from a buy rating to a neutral rating and set a $11.00 price objective for the company. in a research report on Monday, March 13th. Finally, Robert W. Baird decreased their price objective on shares of Petco Health and Wellness from $18.00 to $14.00 in a research report on Wednesday, November 30th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $13.67.

Petco Health and Wellness Trading Down 3.8 %

WOOF opened at $9.81 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.28. The company’s 50 day simple moving average is $10.74 and its two-hundred day simple moving average is $10.97. Petco Health and Wellness has a 1-year low of $8.72 and a 1-year high of $22.75. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 4.06 and a beta of 1.06.

Institutional Investors Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Management LLC acquired a new position in shares of Petco Health and Wellness during the first quarter worth about $25,000. Quent Capital LLC grew its position in shares of Petco Health and Wellness by 546.1% in the fourth quarter. Quent Capital LLC now owns 3,153 shares of the company’s stock valued at $30,000 after purchasing an additional 2,665 shares during the last quarter. Deutsche Bank AG grew its position in shares of Petco Health and Wellness by 607.8% in the fourth quarter. Deutsche Bank AG now owns 3,829 shares of the company’s stock valued at $36,000 after purchasing an additional 3,288 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Petco Health and Wellness by 43.2% in the fourth quarter. Parallel Advisors LLC now owns 6,625 shares of the company’s stock valued at $63,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Steph & Co. acquired a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $64,000. 62.27% of the stock is owned by hedge funds and other institutional investors.

Petco Health and Wellness Company Profile

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Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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.