Petco Health and Wellness (NASDAQ:WOOF) Trading Down 5.2%

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price fell 5.2% on Monday . The stock traded as low as $4.26 and last traded at $4.34. 953,538 shares were traded during mid-day trading, a decline of 80% from the average session volume of 4,822,541 shares. The stock had previously closed at $4.58.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WOOF. Wells Fargo & Company boosted their price target on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. UBS Group boosted their price target on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. Wedbush reissued an “outperform” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada boosted their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $3.45.

Petco Health and Wellness Trading Up 1.7 %

The stock has a market capitalization of $1.45 billion, a P/E ratio of -0.88 and a beta of 1.88. The firm’s 50 day moving average price is $3.13 and its 200 day moving average price is $2.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.21.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company earned ($0.01) earnings per share. Petco Health and Wellness’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts expect that Petco Health and Wellness Company, Inc. will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently modified their holdings of WOOF. Headlands Technologies LLC purchased a new position in shares of Petco Health and Wellness during the first quarter valued at about $30,000. Norden Group LLC purchased a new position in shares of Petco Health and Wellness during the first quarter valued at about $31,000. Caprock Group LLC purchased a new position in shares of Petco Health and Wellness during the second quarter valued at about $44,000. Choreo LLC purchased a new position in shares of Petco Health and Wellness during the second quarter valued at about $45,000. Finally, HB Wealth Management LLC purchased a new stake in Petco Health and Wellness in the first quarter worth about $49,000.

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.