Petco Health and Wellness (NASDAQ:WOOF) Given New $2.75 Price Target at Citigroup

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

WOOF has been the topic of several other reports. Wedbush reissued an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a report on Wednesday, February 19th. 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 report on Friday, December 6th. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Morgan Stanley decreased their target price on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and an average price target of $4.28.

Petco Health and Wellness Stock Performance

WOOF stock opened at $2.41 on Tuesday. The stock has a market capitalization of $755.41 million, a PE ratio of -6.03 and a beta of 1.92. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $6.29. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The stock’s 50 day simple moving average is $3.16 and its 200 day simple moving average is $3.95.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WOOF. Aster Capital Management DIFC Ltd purchased a new position in shares of Petco Health and Wellness during the fourth quarter valued at about $25,000. Scotia Capital Inc. purchased a new position in Petco Health and Wellness in the fourth quarter worth about $41,000. New York State Common Retirement Fund increased its stake 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 worth $44,000 after acquiring an additional 3,711 shares during the last quarter. Blueprint Investment Partners LLC bought a new stake in Petco Health and Wellness during the fourth quarter worth approximately $44,000. Finally, Quantinno Capital Management LP bought a new stake in Petco Health and Wellness during the fourth quarter worth approximately $45,000.

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.