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

Petco Health and Wellness (NASDAQ:WOOF) had its target price lowered by Wedbush from $6.00 to $4.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research note on Friday, December 20th. Citigroup lowered their price target on 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. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Wells Fargo & Company boosted 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 note on Friday, December 6th. Finally, Robert W. Baird dropped their price target on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Petco Health and Wellness presently has an average rating of “Hold” and a consensus target price of $3.85.

Petco Health and Wellness Stock Down 7.8 %

Shares of NASDAQ WOOF opened at $2.96 on Thursday. The firm’s fifty day moving average is $2.97 and its 200 day moving average 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 quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The company has a market cap of $927.81 million, a price-to-earnings ratio of -7.40 and a beta of 1.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Petco Health and Wellness during the fourth quarter valued at approximately $25,000. Scotia Capital Inc. purchased a new stake in Petco Health and Wellness during the 4th quarter valued at $41,000. New York State Common Retirement Fund increased its holdings in shares of Petco Health and Wellness by 47.6% in the 4th 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 in the last quarter. Blueprint Investment Partners LLC purchased a new position in shares of Petco Health and Wellness in the fourth quarter worth $44,000. Finally, Quantinno Capital Management LP bought a new position in shares of Petco Health and Wellness during the fourth quarter valued at $45,000.

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.