Citigroup Has Lowered Expectations for Petco Health and Wellness (NASDAQ:WOOF) Stock Price

Petco Health and Wellness (NASDAQ:WOOF) had its target price reduced by stock analysts at Citigroup from $5.00 to $2.75 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 12.70% from the stock’s previous close.

WOOF has been the subject of a number of other research reports. Wells Fargo & Company lifted 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 note on Tuesday, March 11th. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. 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 report on Tuesday, January 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $4.28.

Petco Health and Wellness Trading Up 1.2 %

Shares of NASDAQ WOOF opened at $2.44 on Tuesday. The stock has a market capitalization of $764.81 million, a P/E ratio of -6.10 and a beta of 1.92. The business’s 50 day moving average is $3.13 and its two-hundred day moving average is $3.94. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently modified their holdings of the stock. PDT Partners LLC acquired a new position in Petco Health and Wellness during the 3rd quarter valued at about $865,000. Invenomic Capital Management LP acquired a new stake in shares of Petco Health and Wellness during the third quarter valued at approximately $2,747,000. JPMorgan Chase & Co. raised its holdings in shares of Petco Health and Wellness by 328.0% during the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock valued at $8,014,000 after acquiring an additional 1,349,728 shares during the period. FMR LLC raised its holdings in shares of Petco Health and Wellness by 170.9% during the third quarter. FMR LLC now owns 1,521,516 shares of the company’s stock valued at $6,923,000 after acquiring an additional 959,960 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in Petco Health and Wellness in the 3rd quarter valued at approximately $728,000.

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.