UBS Group Lowers Petco Health and Wellness (NASDAQ:WOOF) Price Target to $3.25

Petco Health and Wellness (NASDAQ:WOOF) had its price target lowered by analysts at UBS Group from $5.50 to $3.25 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 9.80% from the stock’s previous close.

WOOF has been the subject of several other research reports. Wedbush lowered their price target on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday. Royal Bank of Canada reduced their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday. Robert W. Baird dropped their target price on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Finally, Citigroup reduced their price objective on 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $3.85.

Petco Health and Wellness Trading Down 7.8 %

Petco Health and Wellness stock opened at $2.96 on Thursday. The stock has a 50-day moving average price of $2.97 and a 200 day moving average price of $3.91. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The stock has a market cap of $927.81 million, a PE ratio of -7.40 and a beta of 1.92. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $6.29.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of Petco Health and Wellness in the 4th quarter worth about $25,000. Scotia Capital Inc. acquired a new position in Petco Health and Wellness in the fourth quarter worth about $41,000. New York State Common Retirement Fund grew its stake in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after purchasing an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC bought a new stake in Petco Health and Wellness in the fourth quarter valued at about $44,000. Finally, Quantinno Capital Management LP acquired a new stake in Petco Health and Wellness during the fourth quarter valued at approximately $45,000.

Petco Health and Wellness Company Profile

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.