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

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

Several other analysts have also recently issued reports on WOOF. Citigroup lowered their price objective on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 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 report on Friday, December 6th. Wedbush reiterated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Petco Health and Wellness presently has an average rating of “Hold” and a consensus price target of $3.85.

Petco Health and Wellness Price Performance

WOOF opened at $3.21 on Thursday. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29. The company’s 50 day simple moving average is $2.98 and its 200 day simple moving average is $3.91. The stock has a market capitalization of $1.01 billion, a PE ratio of -8.03 and a beta of 1.92. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84.

Institutional Trading of Petco Health and Wellness

Hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted 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 purchasing an additional 4,526 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Petco Health and Wellness in the 4th quarter valued at about $61,000. Polar Asset Management Partners Inc. purchased a new position in Petco Health and Wellness in the 4th quarter valued at about $1,450,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Petco Health and Wellness by 3.5% during the fourth 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 acquiring an additional 11,202 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Petco Health and Wellness during the fourth quarter worth about $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.