Petco Health and Wellness (NASDAQ:WOOF) Price Target Lowered to $3.25 at UBS Group

Petco Health and Wellness (NASDAQ:WOOF) had its target price reduced by UBS Group from $5.50 to $3.25 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also issued reports on WOOF. Wedbush decreased their target price on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday. Robert W. Baird cut their target price 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. Wells Fargo & Company boosted their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Royal Bank of Canada reduced their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Citigroup cut 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 report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness presently has an average rating of “Hold” and an average price target of $3.85.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF opened at $3.21 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $6.29. The company 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 50-day moving average price of $2.98 and a 200-day moving average price of $3.91.

Institutional Inflows and Outflows

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