Petco Health and Wellness (NASDAQ:WOOF) Price Target Lowered to $4.00 at Wedbush

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) had its price target dropped by investment analysts at Wedbush from $6.00 to $4.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Wedbush's price objective indicates a potential upside of 32.67% from the company's current price.

Other analysts have also recently issued reports about the company. Wells Fargo & Company raised their target price on 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. Citigroup decreased their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Robert W. Baird decreased their price objective on shares of Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday. Morgan Stanley cut their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Petco Health and Wellness presently has an average rating of "Hold" and a consensus price target of $3.85.

Remove Ads

Petco Health and Wellness Stock Performance

NASDAQ WOOF traded up $0.06 on Thursday, hitting $3.02. The stock had a trading volume of 2,389,548 shares, compared to its average volume of 4,552,410. The company's 50-day moving average is $2.97 and its two-hundred day moving average is $3.92. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29. The stock has a market cap of $945.05 million, a price-to-earnings ratio of -7.56 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 Investors Weigh In On Petco Health and Wellness

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

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.