Petco Health and Wellness (NASDAQ:WOOF) Given New $4.00 Price Target at Royal Bank of Canada

Petco Health and Wellness (NASDAQ:WOOF) had its price objective reduced by Royal Bank of Canada from $6.00 to $4.00 in a research note published on Thursday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

WOOF has been the topic of several other reports. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. 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 report on Friday, December 6th. Robert W. Baird lowered their price objective 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. Wedbush cut their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Citigroup lowered their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a report on Tuesday, March 18th. One 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 currently has an average rating of “Hold” and a consensus price target of $3.85.

Petco Health and Wellness Stock Up 31.6 %

NASDAQ WOOF opened at $3.21 on Thursday. The business has a fifty day moving average price of $2.98 and a two-hundred day moving average price of $3.91. The stock has a market capitalization of $1.01 billion, a PE ratio of -8.03 and a beta of 1.92. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week 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

Large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Petco Health and Wellness by 40.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock valued at $60,000 after buying an additional 4,526 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $61,000. Polar Asset Management Partners Inc. acquired a new stake in Petco Health and Wellness during the 4th quarter valued at approximately $1,450,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Petco Health and Wellness by 3.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,615 shares of the company’s stock valued at $1,279,000 after purchasing an additional 11,202 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in Petco Health and Wellness during the 4th quarter valued at approximately $1,290,000.

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.