Petco Health and Wellness (NASDAQ:WOOF) Price Target Cut to $12.00 by Analysts at Wells Fargo & Company

Petco Health and Wellness (NASDAQ:WOOF – Get Rating) had its price objective cut by Wells Fargo & Company from $14.00 to $12.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also weighed in on WOOF. Wedbush lowered their target price on shares of Petco Health and Wellness from $17.00 to $12.00 in a research report on Wednesday. Needham & Company LLC lowered their price target on shares of Petco Health and Wellness from $30.00 to $20.00 and set a buy rating on the stock in a research report on Monday, November 28th. Citigroup lowered shares of Petco Health and Wellness from a buy rating to a neutral rating and set a $11.00 price target on the stock. in a research report on Monday, March 13th. The Goldman Sachs Group reduced their price objective on shares of Petco Health and Wellness from $18.00 to $16.00 and set a buy rating on the stock in a research note on Thursday, December 1st. Finally, Robert W. Baird reduced their price objective on shares of Petco Health and Wellness from $18.00 to $14.00 in a research note on Wednesday, November 30th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Petco Health and Wellness currently has an average rating of Moderate Buy and a consensus target price of $13.67.

Petco Health and Wellness Price Performance

Shares of NASDAQ:WOOF opened at $9.81 on Wednesday. The company has a 50-day simple moving average of $10.74 and a 200-day simple moving average of $10.97. Petco Health and Wellness has a one year low of $8.72 and a one year high of $22.75. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.28 and a current ratio of 0.96. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 4.06 and a beta of 1.06.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. MetLife Investment Management LLC bought a new position in shares of Petco Health and Wellness in the 1st quarter worth about $25,000. Quent Capital LLC lifted its position in Petco Health and Wellness by 546.1% in the 4th quarter. Quent Capital LLC now owns 3,153 shares of the company’s stock valued at $30,000 after purchasing an additional 2,665 shares during the last quarter. Deutsche Bank AG lifted its position in Petco Health and Wellness by 607.8% in the 4th quarter. Deutsche Bank AG now owns 3,829 shares of the company’s stock valued at $36,000 after purchasing an additional 3,288 shares during the last quarter. Parallel Advisors LLC lifted its position in Petco Health and Wellness by 43.2% in the 4th quarter. Parallel Advisors LLC now owns 6,625 shares of the company’s stock valued at $63,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Steph & Co. bought a new stake in Petco Health and Wellness in the 4th quarter valued at about $64,000. 62.27% of the stock is currently owned by institutional investors.

About Petco Health and Wellness

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Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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.