Petco Health and Wellness (NASDAQ:WOOF) Stock Price Down 5.3%

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report)'s stock price fell 5.3% during mid-day trading on Monday . The company traded as low as $2.12 and last traded at $2.16. 501,568 shares were traded during trading, a decline of 88% from the average session volume of 4,217,596 shares. The stock had previously closed at $2.28.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WOOF. UBS Group decreased their target price on Petco Health and Wellness from $3.00 to $2.50 and set a "neutral" rating for the company in a report on Wednesday, March 20th. Wells Fargo & Company decreased their target price on Petco Health and Wellness from $3.00 to $2.00 and set an "equal weight" rating for the company in a report on Monday, March 25th. Morgan Stanley decreased their target price on Petco Health and Wellness from $5.00 to $3.00 and set an "equal weight" rating for the company in a report on Monday, December 4th. Robert W. Baird decreased their target price 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. Finally, Royal Bank of Canada decreased their target price on Petco Health and Wellness from $3.50 to $2.70 and set an "outperform" rating for the company in a report on Friday, March 15th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of "Hold" and an average price target of $4.36.

Petco Health and Wellness Stock Performance

The company has a market capitalization of $637.06 million, a PE ratio of -0.44 and a beta of 1.15. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.24 and a current ratio of 0.86. The company has a 50 day moving average price of $2.45 and a 200 day moving average price of $3.09.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $1.67 billion during the quarter, compared to analysts' expectations 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 business's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS. Equities analysts forecast 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. MetLife Investment Management LLC acquired a new stake in shares of Petco Health and Wellness during the 1st quarter valued at approximately $25,000. Deutsche Bank AG raised its position in shares of 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 raised its position in shares of Petco Health and Wellness by 61.9% during the 1st 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. acquired a new stake in shares of Petco Health and Wellness during the 4th quarter valued at approximately $39,000. Finally, Everhart Financial Group Inc. acquired a new stake in shares of Petco Health and Wellness during the 4th quarter valued at approximately $41,000.

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.