Petco Health and Wellness (NASDAQ:WOOF) Price Target Lowered to $20.00 at Citigroup

Petco Health and Wellness (NASDAQ:WOOFGet Rating) had its price objective reduced by Citigroup from $26.00 to $20.00 in a report issued on Wednesday morning, The Fly reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Petco Health and Wellness from a buy rating to a hold rating in a research note on Tuesday, February 8th. Robert W. Baird cut their target price on Petco Health and Wellness from $25.00 to $21.00 and set an outperform rating on the stock in a research note on Tuesday, May 24th. StockNews.com started coverage on Petco Health and Wellness in a research note on Thursday, March 31st. They issued a buy rating on the stock. Morgan Stanley started coverage on Petco Health and Wellness in a research note on Monday, May 16th. They issued an equal weight rating and a $21.00 target price on the stock. Finally, Wedbush boosted their target price on Petco Health and Wellness from $23.00 to $25.00 and gave the stock an outperform rating in a research note on Tuesday, March 29th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness currently has a consensus rating of Hold and an average target price of $23.23.

WOOF stock opened at $16.46 on Wednesday. The company has a market capitalization of $3.74 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 0.38 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.38 and a current ratio of 1.02. Petco Health and Wellness has a 52-week low of $13.71 and a 52-week high of $28.73. The business has a 50-day simple moving average of $19.49 and a two-hundred day simple moving average of $19.37.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last released its quarterly earnings results on Tuesday, May 24th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. Petco Health and Wellness had a return on equity of 9.49% and a net margin of 2.83%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. As a group, sell-side analysts forecast that Petco Health and Wellness will post 0.89 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. FourThought Financial LLC raised its holdings in Petco Health and Wellness by 3.3% during the 3rd quarter. FourThought Financial LLC now owns 15,165 shares of the company’s stock valued at $319,000 after acquiring an additional 483 shares during the period. Teacher Retirement System of Texas raised its holdings in Petco Health and Wellness by 5.6% during the 1st quarter. Teacher Retirement System of Texas now owns 18,502 shares of the company’s stock valued at $362,000 after acquiring an additional 984 shares during the period. Summit Trail Advisors LLC raised its holdings in Petco Health and Wellness by 0.4% during the 3rd quarter. Summit Trail Advisors LLC now owns 264,000 shares of the company’s stock valued at $5,570,000 after acquiring an additional 1,000 shares during the period. Samalin Investment Counsel LLC raised its holdings in Petco Health and Wellness by 100.0% during the 4th quarter. Samalin Investment Counsel LLC now owns 2,000 shares of the company’s stock valued at $40,000 after acquiring an additional 1,000 shares during the period. Finally, Advisor Group Holdings Inc. raised its holdings in Petco Health and Wellness by 6.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 17,230 shares of the company’s stock valued at $362,000 after acquiring an additional 1,029 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

About Petco Health and Wellness (Get Rating)

Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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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