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

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) had its price objective decreased by stock analysts at Robert W. Baird from $5.00 to $3.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 16.09% from the company's previous close.

WOOF has been the topic of a number of other reports. Wells Fargo & Company increased their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Wedbush reaffirmed an "outperform" rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. Royal Bank of Canada restated 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. Citigroup cut their price objective on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Finally, Morgan Stanley reduced their target price on shares of Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Petco Health and Wellness has an average rating of "Hold" and a consensus target price of $3.85.

Remove Ads

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock traded up $0.06 during trading hours on Thursday, reaching $3.02. The company's stock had a trading volume of 2,389,548 shares, compared to its average volume of 4,552,410. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29. The company's 50 day simple moving average is $2.97 and its 200 day simple moving average is $3.92. The stock has a market cap of $945.05 million, a P/E ratio of -7.56 and a beta of 1.92.

Institutional Trading of Petco Health and Wellness

Institutional investors have recently made changes to their positions in the stock. Holocene Advisors LP increased its stake in shares of Petco Health and Wellness by 8.7% during the third quarter. Holocene Advisors LP now owns 7,557,293 shares of the company's stock valued at $34,386,000 after acquiring an additional 602,602 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Petco Health and Wellness by 269.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock worth $12,354,000 after buying an additional 2,365,654 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Petco Health and Wellness by 62.0% in the fourth quarter. Point72 Asset Management L.P. now owns 2,412,697 shares of the company's stock valued at $9,192,000 after buying an additional 923,735 shares during the period. Norges Bank bought a new position in Petco Health and Wellness during the fourth quarter valued at about $8,864,000. Finally, Bridgeway Capital Management LLC bought a new position in Petco Health and Wellness during the fourth quarter valued at about $8,604,000.

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.