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

Petco Health and Wellness (NASDAQ:WOOF) had its price target lowered by Citigroup from $2.85 to $1.75 in a research note released on Tuesday, Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird decreased their price objective on shares of Petco Health and Wellness from $3.00 to $2.50 and set a neutral rating for the company in a research note on Thursday, March 14th. Royal Bank of Canada decreased their price target on shares of 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. Wells Fargo & Company cut their price objective on Petco Health and Wellness from $3.00 to $2.00 and set an equal weight rating on the stock in a research report on Monday, March 25th. Needham & Company LLC reaffirmed a buy rating and issued a $5.00 target price on shares of Petco Health and Wellness in a research report on Wednesday, March 13th. Finally, Bank of America reiterated an underperform rating and issued a $1.50 target price (down previously from $5.00) on shares of Petco Health and Wellness in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $2.96.

Petco Health and Wellness Stock Up 0.6 %

WOOF stock opened at $1.60 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 business has a fifty day simple moving average of $2.00 and a 200-day simple moving average of $2.71. 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 announced its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. As a group, analysts predict that Petco Health and Wellness will post -0.23 earnings per share for the current year.

Institutional Trading of Petco Health and Wellness

Institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in Petco Health and Wellness during the 1st quarter worth $30,000. Norden Group LLC bought a new stake in Petco Health and Wellness in the first quarter valued at about $31,000. Everhart Financial Group Inc. acquired a new stake in Petco Health and Wellness during the fourth quarter valued at approximately $41,000. FNY Investment Advisers LLC acquired a new stake in shares of Petco Health and Wellness during the fourth quarter worth $44,000. Finally, HB Wealth Management LLC bought a new position in Petco Health and Wellness in the first quarter worth about $49,000.

About Petco Health and Wellness

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.