Petco Health and Wellness (NASDAQ:WOOF) Shares Up 5.3% – Still a Buy?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price shot up 5.3% during mid-day trading on Thursday . The stock traded as high as $4.18 and last traded at $4.16. 537,990 shares changed hands during trading, a decline of 88% from the average session volume of 4,541,393 shares. The stock had previously closed at $3.95.

Analyst Ratings Changes

WOOF has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Royal Bank of Canada restated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. Morgan Stanley boosted their target price on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Citigroup raised their price target on shares of 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, Wells Fargo & Company increased their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.25.

Petco Health and Wellness Trading Up 7.6 %

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 stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -10.63 and a beta of 1.89. The business has a 50 day simple moving average of $4.41 and a 200-day simple moving average of $3.91.

Hedge Funds Weigh In On Petco Health and Wellness

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Petco Health and Wellness by 253.9% during the second quarter. Bank of New York Mellon Corp now owns 721,630 shares of the company’s stock worth $2,728,000 after buying an additional 517,738 shares during the last quarter. HB Wealth Management LLC boosted its position in Petco Health and Wellness by 21.6% during the second quarter. HB Wealth Management LLC now owns 25,949 shares of the company’s stock worth $98,000 after purchasing an additional 4,615 shares during the period. Panagora Asset Management Inc. acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth about $1,927,000. Searle & CO. bought a new stake in shares of Petco Health and Wellness during the 2nd quarter worth about $76,000. Finally, nVerses Capital LLC acquired a new stake in Petco Health and Wellness during the second quarter worth approximately $52,000.

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.