Petco Health and Wellness (NASDAQ:WOOF) Stock Price Down 5.3% – Here’s Why

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) shares were down 5.3% during mid-day trading on Monday . The stock traded as low as $4.21 and last traded at $4.25. Approximately 313,089 shares were traded during trading, a decline of 93% from the average daily volume of 4,562,323 shares. The stock had previously closed at $4.49.

Wall Street Analyst Weigh In

WOOF has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their price target on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Wedbush upped their price target on Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada boosted their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Wells Fargo & Company raised their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Finally, Citigroup raised their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Petco Health and Wellness currently has a consensus rating of “Hold” and an average target price of $3.49.

Petco Health and Wellness Trading Up 1.8 %

The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The stock’s fifty day simple moving average is $4.35 and its 200-day simple moving average is $3.42.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the business posted ($0.01) EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. lifted its stake in Petco Health and Wellness by 1,212.7% during the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock worth $6,863,000 after purchasing an additional 1,677,179 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Petco Health and Wellness by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock valued at $20,994,000 after buying an additional 1,254,554 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of Petco Health and Wellness by 50.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company’s stock valued at $3,149,000 after buying an additional 280,644 shares during the last quarter. Norden Group LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth $309,000. Finally, Russell Investments Group Ltd. purchased a new stake in Petco Health and Wellness in the first quarter valued at $588,000.

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.