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Wells Fargo Maintains a Buy Rating on Petco Health and Wellness Company (WOOF)

Wells Fargo analyst Zachary Fadem maintained a Buy rating on Petco Health and Wellness Company (WOOFResearch Report) today and set a price target of $30.00. The company’s shares closed last Wednesday at $19.45.

According to TipRanks.com, Fadem is a 5-star analyst with an average return of 19.6% and a 65.7% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Advance Auto Parts.

Currently, the analyst consensus on Petco Health and Wellness Company is a Strong Buy with an average price target of $27.67, which is a 40.7% upside from current levels. In a report issued on March 9, Evercore ISI also assigned a Buy rating to the stock with a $25.00 price target.

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Petco Health and Wellness Company’s market cap is currently $5.15B and has a P/E ratio of 31.28.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WOOF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Petco Health and Wellness Co Inc offer pet care products such as puppy food, treats, nutrition, and supplies through retail outlets and online platforms. The company generates revenue from the sale of products and services such as dog and cat food, supplies, and companion animals, among others.

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