Petco Health and Wellness (NASDAQ:WOOF) Shares Down 4%

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) fell 4% on Monday . The company traded as low as $3.32 and last traded at $3.34. 1,608,753 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 4,946,060 shares. The stock had previously closed at $3.48.

Analyst Ratings Changes

A number of brokerages have weighed in on WOOF. Wedbush reissued an “outperform” rating and issued a $4.00 price target on shares of Petco Health and Wellness in a report on Wednesday, May 29th. Bank of America reiterated an “underperform” rating and issued a $1.50 target price (down from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Wells Fargo & Company decreased their target price on shares of 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. Evercore ISI decreased their target price on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a report on Friday, March 15th. Finally, Citigroup decreased their target price on shares of Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating for the company in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Petco Health and Wellness presently has an average rating of “Hold” and an average price target of $3.09.

Petco Health and Wellness Stock Performance

The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -0.67 and a beta of 1.89. The firm’s fifty day moving average is $3.09 and its 200 day moving average is $2.63.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.03. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. On average, analysts predict that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current fiscal year.

Insider Activity at Petco Health and Wellness

In other Petco Health and Wellness news, Director Cameron Breitner acquired 750,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were purchased at an average price of $3.14 per share, with a total value of $2,355,000.00. Following the completion of the transaction, the director now owns 750,000 shares in the company, valued at $2,355,000. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Petco Health and Wellness by 3.0% during the third quarter. Vanguard Group Inc. now owns 7,717,125 shares of the company’s stock valued at $31,563,000 after acquiring an additional 227,704 shares in the last quarter. Graham Capital Management L.P. bought a new position in shares of Petco Health and Wellness in the third quarter valued at approximately $436,000. Norden Group LLC bought a new position in shares of Petco Health and Wellness in the first quarter valued at approximately $309,000. CastleKnight Management LP bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at approximately $1,367,000. Finally, Boulder Hill Capital Management LP bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at approximately $852,000.

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.