StockNews.com downgraded shares of Petco Health and Wellness (NASDAQ:WOOF – Get Rating) from a buy rating to a hold rating in a report published on Saturday.

Several other analysts also recently weighed in on WOOF. Morgan Stanley decreased their target price on Petco Health and Wellness from $19.00 to $14.00 and set an equal weight rating for the company in a research note on Friday, December 2nd. UBS Group cut their price target on Petco Health and Wellness from $16.00 to $12.00 and set a neutral rating for the company in a report on Thursday, December 1st. Wells Fargo & Company cut their price target on Petco Health and Wellness from $19.00 to $14.00 and set an overweight rating for the company in a report on Friday, November 18th. Needham & Company LLC cut their price target on Petco Health and Wellness from $30.00 to $20.00 and set a buy rating for the company in a report on Monday, November 28th. Finally, Royal Bank of Canada cut their price target on Petco Health and Wellness from $17.00 to $16.00 in a report on Thursday, December 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $15.44.

Petco Health and Wellness Stock Performance

WOOF opened at $10.58 on Friday. The company has a market cap of $2.41 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 2.28 and a beta of 0.81. The stock has a 50-day moving average of $10.39 and a 200-day moving average of $13.35. Petco Health and Wellness has a 52-week low of $9.14 and a 52-week high of $22.75. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.28 and a current ratio of 0.96.

Insider Transactions at Petco Health and Wellness

In other news, insider Justin Tichy sold 6,500 shares of the stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $9.85, for a total value of $64,025.00. Following the completion of the transaction, the insider now directly owns 341,254 shares of the company's stock, valued at approximately $3,361,351.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Petco Health and Wellness

A number of hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its holdings in Petco Health and Wellness by 10.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 116,805 shares of the company's stock valued at $2,286,000 after purchasing an additional 10,923 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in Petco Health and Wellness by 71.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 34,560 shares of the company's stock valued at $353,000 after purchasing an additional 14,371 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Petco Health and Wellness by 11.3% during the 1st quarter. Russell Investments Group Ltd. now owns 13,367 shares of the company's stock valued at $260,000 after purchasing an additional 1,353 shares in the last quarter. M&T Bank Corp increased its holdings in Petco Health and Wellness by 35.7% during the 1st quarter. M&T Bank Corp now owns 14,244 shares of the company's stock valued at $278,000 after purchasing an additional 3,749 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Petco Health and Wellness by 5.6% during the 1st quarter. Teacher Retirement System of Texas now owns 18,502 shares of the company's stock valued at $362,000 after purchasing an additional 984 shares in the last quarter. 68.23% of the stock is owned by institutional investors and hedge funds.

About Petco Health and Wellness

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Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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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