Petco Health and Wellness (NASDAQ:WOOF) Hits New 1-Year Low at $1.73

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $1.73 and last traded at $1.77, with a volume of 778983 shares trading hands. The stock had previously closed at $1.89.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WOOF. Bank of America restated an "underperform" rating and issued a $1.50 target price (down from $5.00) on shares of Petco Health and Wellness in a research note on Tuesday, April 2nd. UBS Group reduced their target price on Petco Health and Wellness from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 20th. Robert W. Baird cut their price objective on Petco Health and Wellness from $3.00 to $2.50 and set a "neutral" rating for the company in a report on Thursday, March 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, March 13th. Finally, Jefferies Financial Group started coverage on shares of Petco Health and Wellness in a report on Tuesday, December 19th. They issued a "hold" rating and a $3.11 price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $3.65.

Petco Health and Wellness Stock Performance

The business has a 50 day moving average price of $2.37 and a 200 day moving average price of $2.98. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.24. The stock has a market capitalization of $566.62 million, a PE ratio of -0.39 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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. Petco Health and Wellness's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. As a group, equities research analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. MetLife Investment Management LLC bought a new position in Petco Health and Wellness during the 1st quarter valued at about $25,000. Deutsche Bank AG boosted its holdings in Petco Health and Wellness by 607.8% in the fourth quarter. Deutsche Bank AG now owns 3,829 shares of the company's stock worth $36,000 after purchasing an additional 3,288 shares during the last quarter. Advisory Services Network LLC grew its position in 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 worth $37,000 after purchasing an additional 1,554 shares during the period. FMR LLC raised its stake in Petco Health and Wellness by 1,396.5% during the 1st quarter. FMR LLC now owns 5,148 shares of the company's stock valued at $46,000 after buying an additional 4,804 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in shares of Petco Health and Wellness by 384.1% during the 1st quarter. Belpointe Asset Management LLC now owns 7,625 shares of the company's stock valued at $69,000 after buying an additional 6,050 shares during the period.

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.