Petco Health and Wellness (NASDAQ:WOOF) Sets New 1-Year Low at $1.55

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $1.55 and last traded at $1.64, with a volume of 221009 shares trading hands. The stock had previously closed at $1.65.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WOOF shares. Robert W. Baird decreased 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 report on Thursday, March 14th. Royal Bank of Canada decreased their target price on Petco Health and Wellness from $3.50 to $2.70 and set an "outperform" rating on the stock in a research report on Friday, March 15th. UBS Group decreased 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 report on Wednesday, March 20th. Needham & Company LLC reissued a "buy" rating and set a $5.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, March 13th. Finally, Wells Fargo & Company cut their price target on Petco Health and Wellness from $3.00 to $2.00 and set an "equal weight" rating on the stock in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $3.65.

Petco Health and Wellness Stock Performance

The stock has a 50 day moving average of $2.30 and a 200 day moving average of $2.91. 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 company has a market capitalization of $497.94 million, a price-to-earnings ratio of -0.34 and a beta of 1.15.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. MetLife Investment Management LLC bought a new stake in shares of Petco Health and Wellness during the first quarter valued at approximately $25,000. Deutsche Bank AG increased its holdings in shares of Petco Health and Wellness by 607.8% during the fourth 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 increased its holdings in shares of Petco Health and Wellness by 61.9% during the first quarter. Advisory Services Network LLC now owns 4,065 shares of the company's stock valued at $37,000 after acquiring an additional 1,554 shares in the last quarter. Oracle Alpha Inc. bought a new stake in Petco Health and Wellness during the fourth quarter worth $39,000. Finally, Everhart Financial Group Inc. bought a new stake in Petco Health and Wellness during the fourth quarter worth $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.