Citigroup Cuts Petco Health and Wellness (NASDAQ:WOOF) Price Target to $2.75

Petco Health and Wellness (NASDAQ:WOOF) had its price objective lowered by Citigroup from $5.00 to $2.75 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Wedbush reiterated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. Wells Fargo & Company increased their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley lowered their target price on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.28.

Petco Health and Wellness Stock Down 1.2 %

Shares of Petco Health and Wellness stock opened at $2.41 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The business’s 50 day simple moving average is $3.10 and its 200-day simple moving average is $3.93. The stock has a market capitalization of $755.41 million, a price-to-earnings ratio of -6.03 and a beta of 1.92. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $6.29.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in Petco Health and Wellness during the 4th quarter valued at $25,000. Scotia Capital Inc. bought a new position in Petco Health and Wellness during the 4th quarter valued at $41,000. New York State Common Retirement Fund boosted its stake 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 valued at $44,000 after purchasing an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC bought a new position in Petco Health and Wellness during the 4th quarter valued at $44,000. Finally, Quantinno Capital Management LP bought a new position in Petco Health and Wellness during the 4th quarter valued at $45,000.

Petco Health and Wellness Company Profile

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.