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

Petco Health and Wellness (NASDAQ:WOOF) had its price objective cut by Citigroup from $5.00 to $2.75 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued research reports about the company. Wedbush reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Morgan Stanley lowered their target price 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. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. One 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.28.

Petco Health and Wellness Stock Down 3.6 %

Shares of NASDAQ:WOOF opened at $2.41 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The firm has a market capitalization of $755.41 million, a PE ratio of -6.03 and a beta of 1.92. The business has a 50 day simple moving average of $3.16 and a two-hundred day simple moving average of $3.95. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. Aster Capital Management DIFC Ltd purchased a new stake in shares of Petco Health and Wellness during the 4th quarter worth $25,000. Scotia Capital Inc. purchased a new stake in shares of Petco Health and Wellness during the 4th quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after purchasing an additional 8,056 shares during the last quarter. Blueprint Investment Partners LLC purchased a new stake in shares of Petco Health and Wellness during the 4th quarter worth $44,000. Finally, New York State Common Retirement Fund raised its stake in Petco Health and Wellness by 47.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after acquiring an additional 3,711 shares in the last quarter.

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.