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

Petco Health and Wellness (NASDAQ:WOOF) had its target price hoisted by investment analysts at The Goldman Sachs Group from $4.00 to $4.48 in a report issued on Thursday,Benzinga reports. The firm 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.

A number of other analysts have also recently commented on WOOF. Royal Bank of Canada lowered 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. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Robert W. Baird decreased their price objective on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday. Citigroup reduced their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Finally, UBS Group lowered their target price on Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $3.85.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF traded up $0.76 during trading hours on Thursday, hitting $3.20. 18,777,315 shares of the company were exchanged, compared to its average volume of 4,401,196. 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 52-week low of $1.41 and a 52-week high of $6.29. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -7.99 and a beta of 1.92. The company’s 50 day moving average price is $2.99 and its 200-day moving average price is $3.92.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $25,000. Scotia Capital Inc. acquired a new stake in Petco Health and Wellness during the 4th quarter worth $41,000. New York State Common Retirement Fund grew its position in 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 worth $44,000 after purchasing an additional 3,711 shares during the last quarter. Blueprint Investment Partners LLC acquired a new position in Petco Health and Wellness in the fourth quarter valued at $44,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $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.