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 dropped by equities research analysts at Robert W. Baird from $5.00 to $3.50 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 43.44% from the company’s previous close.

WOOF has been the subject of several other reports. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research report on Friday, December 20th. Citigroup lowered 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 note on Tuesday, March 18th. Wedbush reaffirmed an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Morgan Stanley dropped their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.20.

Petco Health and Wellness Price Performance

Shares of WOOF stock opened at $2.44 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29. The firm has a fifty day moving average of $2.99 and a two-hundred day moving average of $3.92. The firm has a market cap of $764.81 million, a P/E ratio of -6.10 and a beta of 1.92.

Institutional Trading of Petco Health and Wellness

Several hedge funds have recently added to or reduced their stakes in the business. Holocene Advisors LP increased its holdings in 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 worth $34,386,000 after buying an additional 602,602 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Petco Health and Wellness by 269.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock worth $12,354,000 after acquiring an additional 2,365,654 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Petco Health and Wellness by 62.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,412,697 shares of the company’s stock worth $9,192,000 after acquiring an additional 923,735 shares during the last quarter. Norges Bank bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at about $8,864,000. Finally, Bridgeway Capital Management LLC bought a new position in Petco Health and Wellness in the 4th quarter valued at about $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.