Wells Fargo & Company Cuts Petco Health and Wellness (NASDAQ:WOOF) Price Target to $12.00

Petco Health and Wellness (NASDAQ:WOOF – Get Rating) had its price objective reduced by stock analysts at Wells Fargo & Company from $14.00 to $12.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 17.65% from the stock’s current price.

A number of other analysts have also issued reports on the company. Wedbush cut their target price on Petco Health and Wellness from $17.00 to $12.00 in a research report on Wednesday. Morgan Stanley lowered their target price on shares of Petco Health and Wellness from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 17th. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price objective on shares of Petco Health and Wellness in a research note on Thursday, February 9th. Robert W. Baird decreased their target price on shares of Petco Health and Wellness from $18.00 to $14.00 in a research note on Wednesday, November 30th. Finally, UBS Group decreased their target price on shares of Petco Health and Wellness from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, December 1st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.67.

Petco Health and Wellness Trading Up 4.1 %

WOOF stock opened at $10.20 on Wednesday. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 3.63 and a beta of 1.06. The business’s 50-day moving average is $10.74 and its 200 day moving average is $11.03. Petco Health and Wellness has a 12-month low of $8.72 and a 12-month high of $22.75. The company has a current ratio of 0.96, a quick ratio of 0.28 and a debt-to-equity ratio of 0.70.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently modified their holdings of WOOF. MetLife Investment Management LLC acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at about $25,000. Quent Capital LLC boosted its holdings in shares of 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 buying an additional 2,665 shares during the period. Deutsche Bank AG boosted its holdings in shares of 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 buying an additional 3,288 shares during the period. Parallel Advisors LLC boosted its holdings in shares of 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 buying an additional 2,000 shares during the period. Finally, Steph & Co. acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at about $64,000. Institutional investors own 62.27% of the company’s stock.

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.