Petco Health and Wellness (NASDAQ:WOOF – Get Rating) had its target price reduced by Royal Bank of Canada from $17.00 to $16.00 in a report released on Thursday morning, The Fly reports.

WOOF has been the subject of a number of other reports. Wells Fargo & Company lowered their target price on shares of Petco Health and Wellness from $19.00 to $14.00 and set an overweight rating for the company in a research note on Friday, November 18th. UBS Group lowered 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. The Goldman Sachs Group lowered their target price on shares of Petco Health and Wellness from $20.00 to $18.00 and set a buy rating for the company in a research note on Tuesday, October 4th. StockNews.com began coverage on shares of Petco Health and Wellness in a research note on Wednesday, October 12th. They issued a hold rating for the company. Finally, Robert W. Baird decreased their price objective on shares of Petco Health and Wellness from $18.00 to $14.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $15.44.

Petco Health and Wellness Stock Up 1.1 %

Shares of Petco Health and Wellness stock opened at $11.21 on Thursday. The firm's 50 day moving average price is $10.53 and its 200-day moving average price is $13.58. The company has a quick ratio of 0.28, a current ratio of 0.96 and a debt-to-equity ratio of 0.70. Petco Health and Wellness has a 52-week low of $9.14 and a 52-week high of $22.75. The company has a market cap of $2.55 billion, a P/E ratio of 35.03, a PEG ratio of 2.32 and a beta of 0.81.

Insider Activity at Petco Health and Wellness

In related news, insider Justin Tichy sold 6,500 shares of the business's stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $9.85, for a total value of $64,025.00. Following the completion of the transaction, the insider now directly owns 341,254 shares in the company, valued at approximately $3,361,351.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company's stock.

Hedge Funds Weigh In On Petco Health and Wellness

Several large investors have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its stake in shares of Petco Health and Wellness by 3.6% in the 3rd quarter. Mackenzie Financial Corp now owns 7,894,396 shares of the company's stock valued at $88,101,000 after purchasing an additional 273,239 shares during the period. William Blair Investment Management LLC purchased a new stake in Petco Health and Wellness in the 2nd quarter worth $112,312,000. Vanguard Group Inc. increased its holdings in Petco Health and Wellness by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,065,056 shares of the company's stock worth $78,847,000 after acquiring an additional 66,322 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Petco Health and Wellness by 21.1% in the 3rd quarter. Macquarie Group Ltd. now owns 4,622,685 shares of the company's stock worth $51,589,000 after acquiring an additional 804,196 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Petco Health and Wellness by 0.6% during the second quarter. Clearbridge Investments LLC now owns 4,461,290 shares of the company's stock worth $65,759,000 after buying an additional 28,596 shares in the last quarter. 68.23% of the stock is currently owned by institutional investors and hedge funds.

Petco Health and Wellness Company Profile

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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.

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