Wedbush Lowers Petco Health and Wellness (NASDAQ:WOOF) Price Target to $4.00

Petco Health and Wellness (NASDAQ:WOOF) had its price target dropped by research analysts at Wedbush from $6.00 to $4.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s price objective would suggest a potential upside of 35.14% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. Citigroup cut their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Wells Fargo & Company boosted their price target on 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. Morgan Stanley lowered their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.85.

Petco Health and Wellness Trading Down 7.8 %

NASDAQ:WOOF opened at $2.96 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The company has a market capitalization of $927.81 million, a P/E ratio of -7.40 and a beta of 1.92. The stock’s 50 day moving average price is $2.97 and its 200 day moving average price is $3.91. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $6.29.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new position in Petco Health and Wellness during the 4th quarter valued at $25,000. Scotia Capital Inc. acquired a new position in shares of Petco Health and Wellness during the fourth quarter valued at about $41,000. New York State Common Retirement Fund lifted its stake in shares of 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 valued at $44,000 after buying an additional 3,711 shares during the period. Blueprint Investment Partners LLC bought a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $44,000. Finally, Quantinno Capital Management LP bought a new position in Petco Health and Wellness during the fourth quarter valued at about $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.