UBS Group Cuts Petco Health and Wellness (NASDAQ:WOOF) Price Target to $3.25

Petco Health and Wellness (NASDAQ:WOOF) had its price target trimmed by UBS Group from $5.50 to $3.25 in a report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts also recently weighed in on WOOF. Morgan Stanley decreased their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Wedbush decreased their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday. Citigroup dropped their price target on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Finally, Royal Bank of Canada decreased their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.85.

Petco Health and Wellness Stock Down 7.8 %

Petco Health and Wellness stock opened at $2.96 on Thursday. The stock has a 50-day simple moving average of $2.97 and a 200-day simple moving average of $3.92. The company 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 debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $6.29.

Hedge Funds Weigh In On Petco Health and Wellness

Large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $25,000. Scotia Capital Inc. purchased a new position in Petco Health and Wellness in the fourth quarter worth $41,000. New York State Common Retirement Fund lifted its holdings in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after acquiring an additional 3,711 shares during the period. Blueprint Investment Partners LLC purchased a new stake in shares of Petco Health and Wellness during the 4th quarter worth $44,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Petco Health and Wellness during 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.