Royal Bank of Canada Cuts Petco Health and Wellness (NASDAQ:WOOF) Price Target to $4.00

Petco Health and Wellness (NASDAQ:WOOF) had its price target cut by Royal Bank of Canada from $6.00 to $4.00 in a report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also weighed in on WOOF. Morgan Stanley lowered their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Robert W. Baird reduced their price target 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. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research 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 report on Friday, December 6th. Finally, Wedbush cut their price target on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.85.

Petco Health and Wellness Trading Up 31.6 %

Shares of WOOF stock opened at $3.21 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 company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The stock has a 50 day simple moving average of $2.98 and a two-hundred day simple moving average of $3.91. The company has a market cap of $1.01 billion, a P/E ratio of -8.03 and a beta of 1.92.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WOOF. New York State Common Retirement Fund raised its position in 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 valued at $44,000 after buying an additional 3,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Petco Health and Wellness by 40.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock worth $60,000 after acquiring an additional 4,526 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Petco Health and Wellness by 41.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock valued at $60,000 after purchasing an additional 4,610 shares during the last quarter. Swiss National Bank raised its holdings in shares of Petco Health and Wellness by 2.6% in the fourth quarter. Swiss National Bank now owns 186,100 shares of the company’s stock valued at $709,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Petco Health and Wellness by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 990,700 shares of the company’s stock valued at $3,775,000 after purchasing an additional 5,100 shares in the last quarter.

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.