Petco Health and Wellness (NASDAQ:WOOF) Price Target Cut to $3.25 by Analysts at UBS Group

Petco Health and Wellness (NASDAQ:WOOF) had its target price reduced by UBS Group from $5.50 to $3.25 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently weighed in on WOOF. Morgan Stanley dropped 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 report on Tuesday, January 21st. Royal Bank of Canada dropped their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday. Wedbush cut their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup lowered their target price on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Finally, Robert W. Baird cut their price target on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.85.

Petco Health and Wellness Stock Down 7.8 %

Petco Health and Wellness stock opened at $2.96 on Thursday. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The firm has a market capitalization of $927.81 million, a price-to-earnings ratio of -7.40 and a beta of 1.92. The stock’s fifty day moving average is $2.97 and its two-hundred day moving average is $3.92. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84.

Hedge Funds Weigh In On Petco Health and Wellness

Several large investors have recently added to or reduced their stakes in WOOF. Aster Capital Management DIFC Ltd purchased a new stake in Petco Health and Wellness in the 4th quarter valued at about $25,000. Scotia Capital Inc. acquired a new stake in shares of Petco Health and Wellness in the fourth quarter worth approximately $41,000. New York State Common Retirement Fund grew its holdings in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after purchasing an additional 3,711 shares during the period. Blueprint Investment Partners LLC acquired a new position in Petco Health and Wellness during the fourth quarter worth approximately $44,000. Finally, Quantinno Capital Management LP purchased a new position in Petco Health and Wellness during the fourth quarter worth approximately $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.