Petco Health and Wellness (NASDAQ:WOOF) Given New $4.48 Price Target at The Goldman Sachs Group

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

A number of other brokerages have also weighed in on WOOF. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. UBS Group decreased their price target on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a research note on Thursday. Citigroup decreased 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 note on Tuesday, March 18th. Wedbush lowered their price target 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, Morgan Stanley decreased their price target on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Petco Health and Wellness has an average rating of “Hold” and an average price target of $3.85.

Petco Health and Wellness Stock Performance

Shares of WOOF stock opened at $3.21 on Thursday. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $6.29. The company’s 50 day moving average is $2.98 and its 200 day moving average is $3.91. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -8.03 and a beta of 1.92. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WOOF. Aster Capital Management DIFC Ltd purchased a new position in shares of Petco Health and Wellness in the 4th quarter valued at about $25,000. Scotia Capital Inc. acquired a new stake in shares of Petco Health and Wellness during the fourth quarter worth about $41,000. Point72 Asia Singapore Pte. Ltd. grew its position in Petco Health and Wellness by 253.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after buying an additional 8,056 shares during the last quarter. Blueprint Investment Partners LLC acquired a new position in shares of Petco Health and Wellness during the fourth quarter worth about $44,000. Finally, New York State Common Retirement Fund raised its position 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 acquiring an additional 3,711 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.