Petco Health and Wellness (NASDAQ:WOOF) Stock Price Down 4% – Should You Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) was down 4% on Monday . The company traded as low as $3.79 and last traded at $3.80. Approximately 904,417 shares traded hands during trading, a decline of 80% from the average daily volume of 4,551,194 shares. The stock had previously closed at $3.96.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WOOF shares. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. The Goldman Sachs Group dropped their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Wells Fargo & Company boosted their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Citigroup increased their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Morgan Stanley lifted their price objective on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Petco Health and Wellness currently has a consensus rating of “Hold” and a consensus target price of $4.25.

Petco Health and Wellness Trading Down 1.5 %

The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average is $4.43 and its 200-day moving average is $3.91. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.88 and a beta of 1.89.

Institutional Trading of Petco Health and Wellness

Several institutional investors have recently made changes to their positions in WOOF. Norden Group LLC increased its stake in Petco Health and Wellness by 31.7% during the second quarter. Norden Group LLC now owns 17,860 shares of the company’s stock worth $68,000 after acquiring an additional 4,301 shares during the last quarter. HB Wealth Management LLC raised its holdings in Petco Health and Wellness by 21.6% in the 2nd quarter. HB Wealth Management LLC now owns 25,949 shares of the company’s stock valued at $98,000 after buying an additional 4,615 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after buying an additional 8,056 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Petco Health and Wellness during the second quarter valued at about $44,000. Finally, Choreo LLC purchased a new stake in shares of Petco Health and Wellness in the 2nd quarter valued at approximately $45,000.

About Petco Health and Wellness

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.