Royal Bank of Canada Reiterates Outperform Rating for Petco Health and Wellness (NASDAQ:WOOF)

by · The Markets Daily

Royal Bank of Canada restated their outperform rating on shares of Petco Health and Wellness (NASDAQ:WOOF – Free Report) in a research report sent to investors on Friday,Benzinga reports. The firm currently has a $6.00 price target on the stock.

A number of other analysts have also commented on WOOF. Wedbush raised their price target on Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company boosted their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Citigroup increased their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, Morgan Stanley upped their price target on Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.25.

Check Out Our Latest Analysis on WOOF

Petco Health and Wellness Trading Up 0.8 %

WOOF opened at $3.96 on Friday. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The business has a 50 day simple moving average of $4.46 and a two-hundred day simple moving average of $3.91. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.90 and a beta of 1.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WOOF. Caprock Group LLC purchased a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at about $44,000. Choreo LLC bought a new stake in Petco Health and Wellness in the 2nd quarter worth approximately $45,000. Frank Rimerman Advisors LLC purchased a new stake in Petco Health and Wellness during the 2nd quarter valued at $50,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after buying an additional 8,056 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Petco Health and Wellness in the second quarter worth $52,000.

About Petco Health and Wellness

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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.

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