Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $4.48

Petco Health and Wellness (NASDAQ:WOOF) had its price objective boosted by equities researchers at The Goldman Sachs Group from $4.00 to $4.48 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 40.22% from the stock’s previous close.

WOOF has been the subject of several other research reports. Robert W. Baird lowered their target price on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday. UBS Group cut their price target on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a report on Thursday. Royal Bank of Canada reduced their price target 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. Wedbush dropped their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.85.

Petco Health and Wellness Stock Up 30.9 %

WOOF traded up $0.76 during trading on Thursday, hitting $3.20. The company had a trading volume of 18,777,315 shares, compared to its average volume of 4,401,196. The company has a market capitalization of $1.00 billion, a PE ratio of -7.99 and a beta of 1.92. The firm’s 50-day moving average price is $2.99 and its 200 day moving average price is $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. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Petco Health and Wellness in the 4th quarter worth about $25,000. Scotia Capital Inc. purchased a new stake in Petco Health and Wellness during the 4th quarter valued at $41,000. New York State Common Retirement Fund lifted its holdings in shares of Petco Health and Wellness by 47.6% during 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. Blueprint Investment Partners LLC purchased a new position in shares of Petco Health and Wellness in the 4th quarter worth $44,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Petco Health and Wellness in the fourth 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.