Petco Health and Wellness (NASDAQ:WOOF – Free Report) Citigroup lowered its price target from $2.85 to $1.75 in a research note published Tuesday, Benzinga reported. Citigroup currently has a “neutral” rating on the stock.
Other equity research analysts have also recently published reports on this stock. Robert W. Baird lowered their target price on shares of Petco Health & Wellness from $3.00 to $2.50 and gave the company a Neutral rating in a research note on Thursday, March 14th. Royal Bank of Canada lowered their target price on shares of Petco Health & 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 lowered their target price on Petco Health & Wellness from $3.00 to $2.00 and set a weight rating for the stock in a research report on Monday, March 25th. Needham & Company LLC reaffirmed a buy rating and set a $5.00 price objective on shares of Petco Health & Wellness in a research report on Wednesday, March 13th. Finally, Bank of America reiterated an Underperform rating and lowered their target price on shares of Petco Health & Wellness by $1.50 (down from $5.00) in a research note on Tuesday, April 2nd. One investment analyst has rated the stock as a “sell,” nine have rated it a “hold,” and four have rated it a “buy.” The company currently has a consensus rating of “Hold” and a consensus price target of $2.96, according to MarketBeat data.
Read the latest stock analysis for WOOF
Petco Health and Wellness Stock Up 0.6%
WOOF stock began trading 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. His 50 day simple moving average for this company is $2.00 and his 200 day simple moving average is $2.71. Petco Health & Wellness has a 52-week low of $1.41 and a 52-week high of $10.76.
Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.02. The company had revenue of $1.67 billion for 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 company’s revenue increased 6.1% year-on-year. The company’s earnings per share for the same period last year was $0.17. As a group, analysts predict that Petco Health and Wellness will post -0.23 earnings per share for the current fiscal year.
Petco Health and Wellness Institutional Transactions
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 valued at $30,000. Norden Group LLC bought a new stake in his Petco Health and Wellness in the 1st quarter valued at approximately $31,000. Everhart Financial Group Inc. acquired a new stake in Petco Health and Wellness during the 4th quarter valued at approximately $41,000. FNY Investment Advisers LLC acquired a new stake in shares of Petco Health and Wellness during the 4th quarter worth his $44,000. Finally, HB Wealth Management LLC purchased a new position in Petco Health and Wellness in the 1st quarter valued at approximately $49,000.
About Petco Health and Wellness
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Petco Health and Wellness Company, Inc operates as a health and wellness company focused on improving the lives of pets, pet parents, and Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care services through Vetco Mobile His Clinics, in addition to veterinary care, grooming, training, telemedicine, vital care and pet health insurance services.
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