Petco Health and Wellness (NASDAQ:WOOF) Price Target Lowered to $1.75 at Citigroup

Petco Health and Wellness (NASDAQ:WOOF) had its target price cut by equities researchers at Citigroup from $2.85 to $1.75 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 3.55% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a report on Wednesday, March 13th. Evercore ISI lowered their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a report on Friday, March 15th. Robert W. Baird lowered their price target on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Bank of America reissued an “underperform” rating and issued a $1.50 price target (down from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada decreased their target price on shares of Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating on the stock in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Petco Health and Wellness has an average rating of “Hold” and an average price target of $2.96.

Petco Health and Wellness Stock Up 5.6 %

Shares of WOOF stock opened at $1.69 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.24 and a current ratio of 0.86. The firm’s 50-day moving average is $1.98 and its 200-day moving average is $2.70. The stock has a market cap of $519.45 million, a price-to-earnings ratio of -0.35 and a beta of 1.27. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $10.76.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. Petco Health and Wellness’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS. Sell-side analysts predict that Petco Health and Wellness will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in Petco Health and Wellness by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 382,413 shares of the company’s stock valued at $1,564,000 after purchasing an additional 5,695 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Petco Health and Wellness by 117.9% during the third quarter. Orion Portfolio Solutions LLC now owns 22,318 shares of the company’s stock worth $91,000 after acquiring an additional 12,076 shares during the last quarter. Everhart Financial Group Inc. bought a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $41,000. Headlands Technologies LLC acquired a new stake in Petco Health and Wellness during the 1st quarter valued at approximately $30,000. Finally, Norden Group LLC bought a new position in Petco Health and Wellness during the 1st quarter worth approximately $31,000.

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.