Petco Health and Wellness (NASDAQ:WOOF) Trading Down 5.8% - Time to Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) traded down 5.8% on Wednesday . The company traded as low as $3.57 and last traded at $3.50. 955,742 shares traded hands during trading, a decline of 78% from the average session volume of 4,285,159 shares. The stock had previously closed at $3.71.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Royal Bank of Canada decreased their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Citigroup decreased their price objective on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Wedbush reduced their price target on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Finally, UBS Group reduced their price target on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Petco Health and Wellness currently has a consensus rating of "Hold" and an average target price of $4.00.

Petco Health and Wellness Stock Performance

The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The business has a 50-day moving average price of $3.25 and a 200 day moving average price of $3.45. The stock has a market capitalization of $1.14 billion, a P/E ratio of -9.05 and a beta of 1.74.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued 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). Petco Health and Wellness had a negative return on equity of 5.40% and a negative net margin of 1.77%. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business's revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of hedge funds have recently added to or reduced their stakes in WOOF. Long Focus Capital Management LLC purchased a new stake in Petco Health and Wellness during the 1st quarter valued at $12,923,000. Solas Capital Management LLC purchased a new stake in Petco Health and Wellness during the 1st quarter valued at $9,150,000. Cresset Asset Management LLC purchased a new stake in Petco Health and Wellness during the 1st quarter valued at $7,675,000. Dimensional Fund Advisors LP raised its stake in Petco Health and Wellness by 269.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock valued at $12,354,000 after buying an additional 2,365,654 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Petco Health and Wellness in the 4th quarter worth $8,864,000.

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.