Citigroup Lowers Petco Health and Wellness (NASDAQ:WOOF) Price Target to $2.75

Petco Health and Wellness (NASDAQ:WOOF) had its price objective decreased by Citigroup from $5.00 to $2.75 in a research report released on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company raised their target price 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. Wedbush reaffirmed an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. Finally, Morgan Stanley cut their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.28.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $2.41 on Tuesday. The stock has a market cap of $755.41 million, a PE ratio of -6.03 and a beta of 1.92. The business has a fifty day simple moving average of $3.10 and a 200-day simple moving average of $3.93. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $6.29.

Hedge Funds Weigh In On Petco Health and Wellness

Several institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund raised its holdings in Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after buying an additional 3,711 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Petco Health and Wellness by 40.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock valued at $60,000 after buying an additional 4,526 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Petco Health and Wellness by 41.0% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock valued at $60,000 after buying an additional 4,610 shares in the last quarter. Swiss National Bank raised its holdings in Petco Health and Wellness by 2.6% during the fourth quarter. Swiss National Bank now owns 186,100 shares of the company’s stock valued at $709,000 after buying an additional 4,800 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Petco Health and Wellness by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 990,700 shares of the company’s stock valued at $3,775,000 after buying an additional 5,100 shares in 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.