Petco Health and Wellness (NASDAQ:WOOF) Hits New 52-Week Low at $1.86

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $1.86 and last traded at $1.99, with a volume of 966900 shares trading hands. The stock had previously closed at $2.08.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WOOF shares. Evercore ISI cut their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an "in-line" rating on the stock in a research note on Friday, March 15th. Royal Bank of Canada cut their price target on shares of Petco Health and Wellness from $3.50 to $2.70 and set an "outperform" rating on the stock in a research note on Friday, March 15th. Robert W. Baird cut their price target on shares of Petco Health and Wellness from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Thursday, March 14th. Morgan Stanley cut their price objective on shares of Petco Health and Wellness from $5.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Monday, December 4th. Finally, Jefferies Financial Group began coverage on shares of Petco Health and Wellness in a research note on Tuesday, December 19th. They issued a "hold" rating and a $3.11 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $3.65.

Petco Health and Wellness Price Performance

The company has a quick ratio of 0.24, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The business's 50 day moving average price is $2.44 and its 200-day moving average price is $3.07. The company has a market cap of $594.18 million, a PE ratio of -0.44 and a beta of 1.15.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $0.17 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. As a group, analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of Petco Health and Wellness

Institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Management LLC purchased a new position in Petco Health and Wellness during the 1st quarter valued at about $25,000. Deutsche Bank AG grew its stake in Petco Health and Wellness by 607.8% during the 4th quarter. Deutsche Bank AG now owns 3,829 shares of the company's stock valued at $36,000 after acquiring an additional 3,288 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Petco Health and Wellness by 61.9% in the 1st quarter. Advisory Services Network LLC now owns 4,065 shares of the company's stock valued at $37,000 after buying an additional 1,554 shares in the last quarter. Oracle Alpha Inc. bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at approximately $39,000. Finally, Everhart Financial Group Inc. bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at approximately $41,000.

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.