Petco Health and Wellness (NASDAQ:WOOF) Shares Down 5.2%

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) dropped 5.2% on Monday . The company traded as low as $4.26 and last traded at $4.34. Approximately 953,538 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 4,822,541 shares. The stock had previously closed at $4.58.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WOOF shares. The Goldman Sachs Group dropped their price target on shares of 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. UBS Group raised their target price on Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research report on Thursday, May 23rd. Wells Fargo & Company upped their price target on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a report on Thursday, May 23rd. Finally, Citigroup boosted their target price 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.45.

Petco Health and Wellness Trading Down 5.5 %

The stock has a market cap of $1.45 billion, a P/E ratio of -1.00 and a beta of 1.88. 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 business’s fifty day simple moving average is $3.19 and its 200 day simple moving average is $2.79.

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

Institutional Investors Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Petco Health and Wellness in the first quarter worth about $30,000. Norden Group LLC bought a new position in shares of Petco Health and Wellness in the 1st quarter valued at about $31,000. Caprock Group LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth approximately $44,000. Choreo LLC bought a new stake in shares of Petco Health and Wellness during the second quarter worth approximately $45,000. Finally, HB Wealth Management LLC acquired a new position in Petco Health and Wellness in the first quarter valued at approximately $49,000.

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.