Citigroup Issues Pessimistic Forecast for Petco Health and Wellness (NASDAQ:WOOF) Stock Price

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

WOOF has been the topic of a number of other research reports. Morgan Stanley dropped their price target on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company increased their target price on shares of 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. Royal Bank of Canada reissued an "outperform" rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. StockNews.com raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th. Finally, Wedbush reissued an "outperform" rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Wednesday, February 19th. One 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. According to data from MarketBeat, Petco Health and Wellness presently has an average rating of "Hold" and a consensus target price of $4.28.

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Petco Health and Wellness Stock Performance

WOOF stock traded up $0.03 during mid-day trading on Tuesday, hitting $2.44. The company had a trading volume of 3,641,534 shares, compared to its average volume of 4,311,799. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The firm has a market cap of $764.81 million, a PE ratio of -6.10 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 stock's fifty day moving average price is $3.07 and its two-hundred day moving average price is $3.93.

Institutional Trading of Petco Health and Wellness

Hedge funds have recently made changes to their positions in the stock. Holocene Advisors LP raised its holdings in shares of Petco Health and Wellness by 8.7% during the 3rd quarter. Holocene Advisors LP now owns 7,557,293 shares of the company's stock valued at $34,386,000 after buying an additional 602,602 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Petco Health and Wellness by 269.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock worth $12,354,000 after acquiring an additional 2,365,654 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Petco Health and Wellness by 62.0% in the 4th quarter. Point72 Asset Management L.P. now owns 2,412,697 shares of the company's stock worth $9,192,000 after acquiring an additional 923,735 shares during the last quarter. Norges Bank purchased a new stake in shares of Petco Health and Wellness in the 4th quarter valued at $8,864,000. Finally, Bridgeway Capital Management LLC bought a new position in shares of Petco Health and Wellness during the 4th quarter valued at $8,604,000.

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.