Petco Health and Wellness (NASDAQ:WOOF) Trading Down 11.1% - Should You Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report)'s stock price dropped 11.1% during mid-day trading on Thursday . The company traded as low as $3.92 and last traded at $3.88. Approximately 1,545,004 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 4,431,278 shares. The stock had previously closed at $4.36.

Wall Street Analysts Forecast Growth

WOOF has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on Petco Health and Wellness from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Friday, June 6th. Wells Fargo & Company boosted their price objective on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an "equal weight" rating in a research report on Friday, June 6th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Petco Health and Wellness currently has a consensus rating of "Hold" and an average price target of $3.75.

Petco Health and Wellness Stock Performance

The company's 50-day moving average is $3.14 and its two-hundred day moving average is $3.11. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 1.43. The firm has a market cap of $1.06 billion, a P/E ratio of -14.00 and a beta of 1.71.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Petco Health and Wellness had a negative return on equity of 4.29% and a negative net margin of 1.10%. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) EPS. As a group, equities analysts predict that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WOOF. Wealth Enhancement Advisory Services LLC grew its position in shares of Petco Health and Wellness by 40.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company's stock valued at $60,000 after purchasing an additional 4,526 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Petco Health and Wellness by 41.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company's stock valued at $60,000 after acquiring an additional 4,610 shares during the period. Swiss National Bank grew its position in Petco Health and Wellness by 2.6% during the 4th quarter. Swiss National Bank now owns 186,100 shares of the company's stock worth $709,000 after acquiring an additional 4,800 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Petco Health and Wellness by 0.5% in the fourth quarter. Renaissance Technologies LLC now owns 990,700 shares of the company's stock worth $3,775,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Petco Health and Wellness by 54.7% in the fourth quarter. Sei Investments Co. now owns 18,009 shares of the company's stock worth $69,000 after buying an additional 6,371 shares during the period.

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.