Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $4.00 at Citigroup

Petco Health and Wellness (NASDAQ:WOOF) had its price target raised by Citigroup from $3.50 to $4.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently issued reports on WOOF. Jefferies Financial Group upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $4.05 to $5.00 in a report on Thursday, March 12th. Evercore reduced their target price 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 Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Petco Health and Wellness has a consensus rating of “Hold” and a consensus target price of $4.10.

Petco Health and Wellness Trading Down 6.4%

Shares of Petco Health and Wellness stock opened at $3.39 on Monday. Petco Health and Wellness has a 1 year low of $2.24 and a 1 year high of $4.51. The company’s fifty day simple moving average is $2.73 and its 200-day simple moving average is $3.11. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 113.00 and a beta of 1.75. The company has a current ratio of 0.90, a quick ratio of 0.38 and a debt-to-equity ratio of 1.28.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company earned ($0.05) earnings per share. Petco Health and Wellness’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that Petco Health and Wellness will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Petco Health and Wellness

A number of hedge funds have recently made changes to their positions in WOOF. Financial Management Professionals Inc. bought a new position in shares of Petco Health and Wellness during the 3rd quarter worth about $26,000. Quantbot Technologies LP acquired a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at about $34,000. National Bank of Canada FI bought a new stake in Petco Health and Wellness in the third quarter valued at about $35,000. Quarry LP bought a new stake in Petco Health and Wellness in the third quarter valued at about $38,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Petco Health and Wellness by 425.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after purchasing an additional 8,519 shares in the last quarter.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.