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

Petco Health and Wellness (NASDAQ:WOOF) had its target price trimmed by Robert W. Baird from $5.00 to $3.50 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

WOOF has been the topic of several other research reports. 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. Wedbush reaffirmed an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Finally, Royal Bank of Canada reissued 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness has a consensus rating of “Hold” and an average price target of $3.85.

Petco Health and Wellness Stock Down 7.8 %

WOOF stock opened at $2.96 on Thursday. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $6.29. The business has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $3.92. 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 market cap of $927.81 million, a PE ratio of -7.40 and a beta of 1.92.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors have recently added to or reduced their stakes in WOOF. Intech Investment Management LLC acquired a new position in shares of Petco Health and Wellness during the third quarter worth $144,000. Dynamic Technology Lab Private Ltd bought a new position in Petco Health and Wellness during the 3rd quarter worth $412,000. FMR LLC lifted its holdings in Petco Health and Wellness by 170.9% during the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company’s stock worth $6,923,000 after buying an additional 959,960 shares during the period. Blueshift Asset Management LLC bought a new stake in shares of Petco Health and Wellness in the 3rd quarter valued at about $675,000. Finally, MetLife Investment Management LLC increased its stake in shares of Petco Health and Wellness by 129.1% in the third quarter. MetLife Investment Management LLC now owns 50,153 shares of the company’s stock valued at $228,000 after buying an additional 28,259 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.