Petco Health and Wellness (NASDAQ:WOOF) Trading 5.8% Higher

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) shot up 5.8% during mid-day trading on Thursday . The stock traded as high as $3.12 and last traded at $3.09. 619,071 shares traded hands during trading, a decline of 87% from the average session volume of 4,590,414 shares. The stock had previously closed at $2.92.

Analyst Ratings Changes

Several research firms have recently issued reports on WOOF. Citigroup increased their target price on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. UBS Group increased their target price on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Royal Bank of Canada increased their target price on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Wedbush reissued an “outperform” rating and set a $5.00 target price (up from $4.00) on shares of Petco Health and Wellness in a research note on Thursday, July 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Petco Health and Wellness has a consensus rating of “Hold” and a consensus target price of $3.36.

Petco Health and Wellness Price Performance

The company has a current ratio of 0.85, a quick ratio of 0.21 and a debt-to-equity ratio of 1.35. The company’s fifty day moving average is $3.08 and its two-hundred day moving average is $2.71. The stock has a market cap of $910.59 million, a price-to-earnings ratio of -0.59 and a beta of 1.88.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. AQR Capital Management LLC boosted its position in Petco Health and Wellness by 82.1% in the 2nd quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock valued at $22,661,000 after buying an additional 2,953,667 shares during the period. Millennium Management LLC boosted its position in Petco Health and Wellness by 233.7% in the 2nd quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock valued at $10,127,000 after buying an additional 1,876,233 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Petco Health and Wellness in the 1st quarter valued at approximately $4,091,000. Point72 Asset Management L.P. boosted its position in Petco Health and Wellness by 1,212.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after buying an additional 1,677,179 shares during the period. Finally, Vanguard Group Inc. boosted its position in Petco Health and Wellness by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock valued at $20,994,000 after buying an additional 1,254,554 shares during the period.

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.