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

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

A number of other equities research analysts have also commented on WOOF. Morgan Stanley lowered their price target on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company boosted their target price 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 decreased their price target 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. Wedbush dropped their price target on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Robert W. Baird decreased their target price on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness presently has an average rating of "Hold" and a consensus price target of $3.85.

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Petco Health and Wellness Stock Up 3.0 %

WOOF stock traded up $0.09 during midday trading on Thursday, reaching $3.05. 6,891,449 shares of the company's stock traded hands, compared to its average volume of 4,568,991. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The firm's fifty day moving average price is $2.97 and its 200-day moving average price is $3.92. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $6.29. The company has a market cap of $956.02 million, a price-to-earnings ratio of -7.63 and a beta of 1.92.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its position in 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 last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Petco Health and Wellness during the 4th quarter valued at about $61,000. Polar Asset Management Partners Inc. purchased a new position in shares of Petco Health and Wellness during the 4th quarter worth approximately $1,450,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 buying an additional 11,202 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in Petco Health and Wellness during the 4th quarter valued at about $1,290,000.

Petco Health and Wellness Company Profile

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.