Petco Health and Wellness (NASDAQ:WOOF) Trading Down 9% – What’s Next?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price fell 9% during trading on Friday . The stock traded as low as $3.64 and last traded at $3.65. 1,851,144 shares were traded during trading, a decline of 54% from the average session volume of 3,998,682 shares. The stock had previously closed at $4.01.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WOOF. The Goldman Sachs Group dropped their target price on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Wedbush upped their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research note 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 note on Friday, December 20th. Citigroup raised their price objective on 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 boosted their target price on Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus price target of $4.25.

Petco Health and Wellness Price Performance

The stock has a market cap of $1.18 billion, a PE ratio of -9.38 and a beta of 1.90. 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 business has a fifty day simple moving average of $4.29 and a two-hundred day simple moving average of $3.94.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Petco Health and Wellness by 253.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after purchasing an additional 8,056 shares in the last quarter. Diversified Trust Co boosted its holdings in Petco Health and Wellness by 57.2% in the fourth quarter. Diversified Trust Co now owns 25,486 shares of the company’s stock worth $97,000 after acquiring an additional 9,272 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Petco Health and Wellness in the second quarter worth $44,000. Choreo LLC bought a new position in shares of Petco Health and Wellness during the second quarter valued at $45,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Petco Health and Wellness in the 3rd quarter worth about $58,000.

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.