Petco Health and Wellness (NASDAQ:WOOF) Sets New 52-Week Low - Here's What Happened

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $2.86 and last traded at $2.95, with a volume of 2694942 shares traded. The stock had previously closed at $3.02.

Wall Street Analyst Weigh In

WOOF has been the subject of several recent analyst reports. StockNews.com raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Wedbush decreased their target price on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Royal Bank of Canada decreased their target price on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Morgan Stanley decreased their target price on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Finally, UBS Group decreased their target price on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $4.11.

Petco Health and Wellness Stock Down 2.3 %

The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $929.62 million, a P/E ratio of -7.38 and a beta of 1.74. The firm has a 50-day moving average price of $2.84 and a two-hundred day moving average price of $3.64.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WOOF. Aster Capital Management DIFC Ltd acquired a new position in Petco Health and Wellness during the fourth quarter worth $25,000. Scotia Capital Inc. acquired a new position in Petco Health and Wellness during the fourth quarter worth $41,000. Blueprint Investment Partners LLC acquired a new position in Petco Health and Wellness during the fourth quarter worth $44,000. New York State Common Retirement Fund raised its stake in Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock worth $44,000 after acquiring an additional 3,711 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Petco Health and Wellness during the fourth quarter worth $45,000.

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.

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