Petco Health and Wellness (NASDAQ:WOOF) PT Lowered to $1.75

Petco Health and Wellness (NASDAQ:WOOF) had its target price reduced by stock analysts at Citigroup from $2.85 to $1.75 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 3.55% from the company’s current price.

WOOF has been the subject of several other reports. Robert W. Baird decreased their target price on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Thursday, March 14th. Evercore ISI decreased their price objective on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Friday, March 15th. Wells Fargo & Company cut their target price on shares of Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Monday, March 25th. Royal Bank of Canada decreased their target price on Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating for the company in a research report on Friday, March 15th. Finally, Bank of America reissued an “underperform” rating and set a $1.50 price target (down from $5.00) on shares of Petco Health and Wellness in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $2.96.

Petco Health and Wellness Trading Up 5.6 %

Petco Health and Wellness stock opened at $1.69 on Tuesday. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $10.76. The firm’s 50 day moving average price is $1.98 and its two-hundred day moving average price is $2.70. The firm has a market cap of $519.45 million, a price-to-earnings ratio of -0.35 and a beta of 1.27. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.24 and a current ratio of 0.86.

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, hitting analysts’ consensus estimates of $0.02. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm posted $0.17 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts predict that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.

Institutional Investors 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 Petco Health and Wellness by 0.6% in the third quarter. Mackenzie Financial Corp now owns 8,222,738 shares of the company’s stock valued at $30,917,000 after acquiring an additional 46,870 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Petco Health and Wellness by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 7,717,125 shares of the company’s stock valued at $31,563,000 after purchasing an additional 227,704 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Petco Health and Wellness by 73.4% in the 3rd quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company’s stock valued at $21,084,000 after purchasing an additional 2,210,988 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Petco Health and Wellness by 157.3% in the first quarter. SG Americas Securities LLC now owns 1,066,507 shares of the company’s stock worth $2,432,000 after purchasing an additional 652,080 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in Petco Health and Wellness by 113.9% during the first quarter. ProShare Advisors LLC now owns 862,637 shares of the company’s stock worth $1,967,000 after buying an additional 459,257 shares during the last quarter.

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.