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

Petco Health and Wellness (NASDAQ:WOOF) had its price objective reduced by Robert W. Baird from $5.00 to $3.50 in a research report sent to investors on Thursday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other equities research analysts have also recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. 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 report on Friday, December 20th. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Citigroup reduced their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Finally, Morgan Stanley dropped their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.85.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $2.96 on Thursday. The business has a 50-day moving average price of $2.97 and a two-hundred day moving average price of $3.92. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The company has a market cap of $927.81 million, a P/E ratio of -7.40 and a beta of 1.92.

Hedge Funds Weigh In On Petco Health and Wellness

Large investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd purchased a new stake in shares of Petco Health and Wellness in the fourth quarter worth approximately $25,000. Scotia Capital Inc. bought a new stake in Petco Health and Wellness during the fourth quarter worth $41,000. 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. Blueprint Investment Partners LLC bought a new position in Petco Health and Wellness during the 4th quarter valued at $44,000. Finally, Quantinno Capital Management LP purchased a new position in Petco Health and Wellness during the 4th quarter worth $45,000.

Petco Health and Wellness Company Profile

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.