Robert W. Baird Lowers Petco Health and Wellness (NASDAQ:WOOF) Price Target to $3.50

Petco Health and Wellness (NASDAQ:WOOF) had its target price decreased by Robert W. Baird from $5.00 to $3.50 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 18.24% from the company’s current price.

Several other research firms have also recently weighed in on WOOF. Morgan Stanley decreased their price target on 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. Wells Fargo & Company boosted their target price on 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. Royal Bank of Canada restated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a research note on Friday, December 20th. Wedbush reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Finally, StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $3.85.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF opened at $2.96 on Thursday. The firm has a market cap of $927.81 million, a P/E ratio of -7.40 and a beta of 1.92. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month 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 50 day moving average of $2.97 and a 200 day moving average of $3.91.

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently made changes to their positions in WOOF. Aster Capital Management DIFC Ltd purchased a new stake in Petco Health and Wellness during the fourth quarter valued at approximately $25,000. Scotia Capital Inc. bought a new stake in shares of Petco Health and Wellness during the 4th quarter valued at $41,000. New York State Common Retirement Fund increased its stake 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 stake in shares of Petco Health and Wellness in the 4th quarter worth $44,000. Finally, Quantinno Capital Management LP bought a new position in Petco Health and Wellness in the 4th quarter worth $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.