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

Petco Health and Wellness (NASDAQ:WOOF) had its price objective dropped by equities researchers at Royal Bank of Canada from $6.00 to $4.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 21.03% from the stock’s previous close.

Several other brokerages also recently weighed in on WOOF. Morgan Stanley decreased 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 research note on Tuesday, January 21st. Citigroup lowered their target price on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. 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 research note on Thursday. Wells Fargo & Company raised their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.80.

Petco Health and Wellness Stock Up 35.5 %

NASDAQ WOOF traded up $0.87 on Thursday, reaching $3.31. The company had a trading volume of 14,786,972 shares, compared to its average volume of 4,385,174. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29. The firm has a 50-day moving average of $2.99 and a 200-day moving average of $3.92. The firm has a market capitalization of $1.04 billion, a PE ratio of -8.18 and a beta of 1.92.

Institutional Trading of Petco Health and Wellness

Several institutional investors have recently added to or reduced their stakes in WOOF. New York State Common Retirement Fund boosted its holdings 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 valued at $44,000 after buying an additional 3,711 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Petco Health and Wellness by 40.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock valued at $60,000 after acquiring an additional 4,526 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in Petco Health and Wellness by 41.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock worth $60,000 after purchasing an additional 4,610 shares during the last quarter. Swiss National Bank increased its stake 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 period. Finally, Renaissance Technologies LLC boosted 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 worth $3,775,000 after buying an additional 5,100 shares during the period.

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.