Petco Health and Wellness (NASDAQ:WOOF) Trading Up 4.5%

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) shares traded up 4.5% during trading on Wednesday . The company traded as high as $3.05 and last traded at $3.05. 187,359 shares were traded during mid-day trading, a decline of 96% from the average session volume of 4,640,083 shares. The stock had previously closed at $2.92.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WOOF shares. Citigroup lifted their target price on Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. 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. Royal Bank of Canada lifted their price target on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. Finally, UBS Group raised their price objective on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a report 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 data from MarketBeat.com, Petco Health and Wellness has a consensus rating of “Hold” and a consensus price target of $3.36.

Petco Health and Wellness Stock Performance

The business has a 50-day moving average of $3.15 and a 200-day moving average of $2.69. The company has a quick ratio of 0.21, a current ratio of 0.85 and a debt-to-equity ratio of 1.35.

Institutional Trading of Petco Health and Wellness

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Petco Health and Wellness in the 1st quarter valued at about $30,000. Norden Group LLC acquired a new stake in shares of Petco Health and Wellness in the first quarter valued at approximately $31,000. Caprock Group LLC bought a new position in shares of Petco Health and Wellness during the 2nd quarter worth approximately $44,000. Choreo LLC acquired a new position in shares of Petco Health and Wellness during the 2nd quarter worth approximately $45,000. Finally, HB Wealth Management LLC bought a new stake in Petco Health and Wellness in the 1st quarter valued at $49,000.

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.