Robert W. Baird Issues Pessimistic Forecast for Petco Health and Wellness (NASDAQ:WOOF) Stock Price

Petco Health and Wellness (NASDAQ:WOOF) had its price target cut by investment analysts at Robert W. Baird from $5.00 to $3.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 18.24% from the stock’s current price.

WOOF has been the topic of a number of other reports. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Citigroup cut 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 report on Tuesday, March 18th. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. 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. Finally, Morgan Stanley reduced their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus price target of $3.85.

Petco Health and Wellness Trading Down 7.8 %

NASDAQ:WOOF opened at $2.96 on Thursday. The firm has a market capitalization of $927.81 million, a P/E ratio of -7.40 and a beta of 1.92. 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 fifty day moving average of $2.97 and a 200 day moving average of $3.91. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $6.29.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new stake in shares of Petco Health and Wellness in the 4th quarter worth approximately $25,000. Scotia Capital Inc. bought a new position in Petco Health and Wellness during the 4th quarter valued at approximately $41,000. New York State Common Retirement Fund raised its stake in Petco Health and Wellness by 47.6% during the fourth 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 stake in Petco Health and Wellness in the fourth quarter worth $44,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Petco Health and Wellness in the fourth 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.