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 decreased by investment 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 presently has a “neutral” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 43.44% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Wedbush reiterated an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. Wells Fargo & Company increased their target price on shares of 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. Citigroup lowered their price target 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, StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.20.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF opened at $2.44 on Thursday. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29. The firm has a market capitalization of $764.81 million, a P/E ratio of -6.10 and a beta of 1.92. The firm’s 50-day moving average price is $2.99 and its 200-day moving average price is $3.92. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Holocene Advisors LP grew its holdings 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 buying an additional 602,602 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 valued at $12,354,000 after acquiring an additional 2,365,654 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Petco Health and Wellness by 62.0% during 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 purchasing an additional 923,735 shares during the last quarter. Norges Bank bought a new position in Petco Health and Wellness during the fourth quarter valued at approximately $8,864,000. Finally, Bridgeway Capital Management LLC bought a new stake in Petco Health and Wellness in the 4th quarter worth approximately $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.