Petco Health and Wellness (NASDAQ:WOOF) updated by StockNews.com to buy

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Petco Health and Wellness (NASDAQ:WOOF – Get an Assessment) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report on Friday.

A number of other research analysts have also weighed in on the company recently. Needham & Company LLC began covering Petco Health and Wellness in a report on Thursday, December 16. They issued a “buy” rating and a target price of $30.00 on the stock. Zacks Investment Research downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating in a Tuesday, Feb. 8 report. Wedbush upgraded Petco Health and Wellness from a “neutral” rating to an “outperforming” rating and set a target price of $23.00 on the stock in a Monday, Dec. 6 report. Jefferies Financial Group downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating and set a price target of $26.00 for the stock. in a Monday, November 15 research note. Finally, Citigroup lowered its price target on Petco Health and Wellness from $29.00 to $25.00 in a Tuesday, January 18 research note. Two investment analysts have assigned the stock a sell rating, three have issued a hold rating and nine have assigned the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $24.18.

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WOOF stock opened at $18.02 on Friday. Petco Health and Wellness has a fifty-two week minimum of $16.22 and a fifty-two week maximum of $28.73. The company’s 50-day moving average is $18.63 and its two-hundred-day moving average is $20.72. The company has a debt ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.96. The company has a market cap of $4.08 billion and a price-to-earnings ratio of 37.54.

Separately, CFO Brian Larose purchased 5,125 shares of the company in a transaction on Monday, December 6. The shares were acquired at an average cost of $19.45 per share, with a total value of $99,681.25. The acquisition was disclosed in a legal filing with the SEC, accessible via this link. Insiders own 0.02% of the shares of the company.

A number of hedge funds have recently changed their positions in the stock. FourThought Financial LLC increased its stake in Petco Health and Wellness by 3.3% during the third quarter. FourThought Financial LLC now owns 15,165 shares of the company valued at $319,000 after purchasing an additional 483 shares in the last quarter. Danda Trouve Investment Management Inc. increased its holdings of Petco Health and Wellness shares by 262.5% in Q3. Danda Trouve Investment Management Inc. now owns 1,236 shares of the company valued at $26,000 after purchasing an additional 895 shares during the period. Summit Trail Advisors LLC increased its holdings of Petco Health and Wellness shares by 0.4% in Q3. Summit Trail Advisors LLC now owns 264,000 shares of the company valued at $5,570,000 after purchasing an additional 1,000 shares during the period. Samalin Investment Counsel LLC increased its holdings of Petco Health and Wellness shares by 100.0% in Q4. Samalin Investment Counsel LLC now owns 2,000 shares of the company valued at $40,000 after purchasing an additional 1,000 shares during the period. Finally, Advisor Group Holdings Inc. increased its holdings of Petco Health and Wellness shares by 6.4% in Q3. Advisor Group Holdings Inc. now owns 17,230 shares of the company valued at $362,000 after purchasing an additional 1,029 shares during the period. Hedge funds and other institutional investors hold 61.38% of the company’s shares.

Company Profile Petco Health and Wellness (Get a rating)

Petco Health and Wellness Company, Inc operates as a retailer of premium pet consumables, supplies, pets and services. The company also offers grooming services, in-store and online training, tele-vet and pet health insurance, as well as veterinary services through Vetco Clinics.

Further reading

Analyst Recommendations for Petco Health and Wellness (NASDAQ: WOOF)

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