Petco Health and Wellness (NASDAQ:WOOF) Shares Down 4.6% - Should You Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) shares were down 4.6% during trading on Tuesday . The stock traded as low as $2.97 and last traded at $3.02. Approximately 1,161,393 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 4,658,002 shares. The stock had previously closed at $3.16.

Analyst Ratings Changes

A number of research analysts recently weighed in on WOOF shares. Citigroup dropped their price target on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley cut their target price on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Robert W. Baird reduced their price target on shares of Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, March 27th. The Goldman Sachs Group upped their price objective on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Royal Bank of Canada reduced their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $4.11.

Petco Health and Wellness Stock Performance

The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The company's fifty day moving average price is $2.85 and its 200 day moving average price is $3.61. The company has a market cap of $964.29 million, a PE ratio of -7.65 and a beta of 1.74.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds have recently modified their holdings of WOOF. Dimensional Fund Advisors LP increased its position in shares of Petco Health and Wellness by 269.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock valued at $12,354,000 after acquiring an additional 2,365,654 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Petco Health and Wellness by 62.0% in the 4th quarter. Point72 Asset Management L.P. now owns 2,412,697 shares of the company's stock valued at $9,192,000 after purchasing an additional 923,735 shares during the period. Norges Bank purchased a new stake in shares of Petco Health and Wellness during the 4th quarter valued at $8,864,000. Bridgeway Capital Management LLC bought a new stake in shares of Petco Health and Wellness during the 4th quarter worth $8,604,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Petco Health and Wellness by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,227,001 shares of the company's stock worth $8,487,000 after buying an additional 14,709 shares during the last quarter.

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.