Petco Health and Wellness (NASDAQ:WOOF - Free Report) had its price objective trimmed by Citigroup from $2.85 to $1.75 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.
Several other analysts have also weighed in on WOOF. Robert W. Baird dropped 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 report on Thursday, March 14th. Bank of America reissued an underperform rating and issued a $1.50 price target (down previously from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Wells Fargo & Company lowered their price target on shares of Petco Health and Wellness from $3.00 to $2.00 and set an equal weight rating for the company in a report on Monday, March 25th. Evercore ISI reduced their price objective on shares of Petco Health and Wellness from $4.00 to $3.00 and set an in-line rating on the stock in a research note on Friday, March 15th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $2.96.
Check Out Our Latest Research Report on WOOF
Petco Health and Wellness Price Performance
NASDAQ:WOOF traded up $0.01 during mid-day trading on Tuesday, hitting $1.60. The company's stock had a trading volume of 1,376,748 shares, compared to its average volume of 3,861,552. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $10.76. The company has a current ratio of 0.86, a quick ratio of 0.24 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $491.79 million, a price-to-earnings ratio of -0.34 and a beta of 1.27. The stock has a fifty day moving average of $2.00 and a 200-day moving average of $2.71.
Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 earnings per share 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 net margin of 20.47% and a negative return on equity of 2.20%. The company's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share. As a group, equities analysts forecast that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.
Institutional Investors Weigh In On Petco Health and Wellness
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of Petco Health and Wellness by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 382,413 shares of the company's stock worth $1,564,000 after acquiring an additional 5,695 shares during the period. Orion Portfolio Solutions LLC increased its stake in Petco Health and Wellness by 117.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 22,318 shares of the company's stock valued at $91,000 after buying an additional 12,076 shares during the last quarter. Everhart Financial Group Inc. acquired a new stake in Petco Health and Wellness in the 4th quarter valued at $41,000. Norden Group LLC acquired a new stake in Petco Health and Wellness in the 1st quarter valued at $31,000. Finally, FNY Investment Advisers LLC acquired a new stake in Petco Health and Wellness in the 4th quarter valued at $44,000.
Petco Health and Wellness Company Profile
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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.
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