Petco Health and Wellness (NASDAQ:WOOF) Price Target Cut to $3.50 by Analysts at Robert W. Baird

Petco Health and Wellness (NASDAQ:WOOF) had its price objective reduced by Robert W. Baird from $5.00 to $3.50 in a research note released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued reports about the company. Wedbush reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Wells Fargo & Company raised their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a research note on Friday, December 20th. Finally, Citigroup reduced 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 research report on Tuesday, March 18th. One equities research 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. According to MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus target price of $3.85.

Petco Health and Wellness Trading Up 31.6 %

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WOOF. New York State Common Retirement Fund increased its stake in shares of Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after acquiring an additional 3,711 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Petco Health and Wellness by 40.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock valued at $60,000 after purchasing an additional 4,526 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Petco Health and Wellness by 41.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock worth $60,000 after buying an additional 4,610 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Petco Health and Wellness by 2.6% in the fourth quarter. Swiss National Bank now owns 186,100 shares of the company’s stock valued at $709,000 after buying an additional 4,800 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Petco Health and Wellness by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 990,700 shares of the company’s stock valued at $3,775,000 after buying an additional 5,100 shares in the last quarter.

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.