Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $4.48

Petco Health and Wellness (NASDAQ:WOOF) had its price target raised by The Goldman Sachs Group from $4.00 to $4.48 in a report published on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities analysts have also recently commented on the company. Robert W. Baird reduced their target price on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday. Royal Bank of Canada cut their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday. Morgan Stanley cut their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company lifted their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, Citigroup dropped their price objective on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.85.

Petco Health and Wellness Trading Up 31.6 %

NASDAQ:WOOF opened at $3.21 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $6.29. The business’s 50-day moving average is $2.98 and its two-hundred day moving average is $3.91. The firm has a market capitalization of $1.01 billion, a PE ratio of -8.03 and a beta of 1.92.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Holocene Advisors LP raised its stake in shares of Petco Health and Wellness by 8.7% in the 3rd quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock valued at $34,386,000 after buying an additional 602,602 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Petco Health and Wellness by 269.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock valued at $12,354,000 after acquiring an additional 2,365,654 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in Petco Health and Wellness by 62.0% during the fourth quarter. Point72 Asset Management L.P. now owns 2,412,697 shares of the company’s stock worth $9,192,000 after acquiring an additional 923,735 shares in the last quarter. Norges Bank bought a new position in Petco Health and Wellness in the fourth quarter valued at approximately $8,864,000. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $8,604,000.

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.