Petco Health and Wellness (NASDAQ:WOOF) Shares Down 5.6% - What's Next?

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) were down 5.6% during trading on Thursday . The company traded as low as $5.06 and last traded at $5.07. Approximately 2,144,691 shares were traded during trading, a decline of 55% from the average daily volume of 4,748,462 shares. The stock had previously closed at $5.37.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WOOF shares. Citigroup lifted their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the company a "neutral" rating in a research note on Thursday, September 12th. The Goldman Sachs Group cut their price target on Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, September 12th. Wedbush reissued an "outperform" rating and set a $5.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. Royal Bank of Canada raised their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company raised their price objective on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $3.45.

Petco Health and Wellness Stock Performance

The firm has a market capitalization of $1.58 billion, a P/E ratio of -1.03 and a beta of 1.92. The stock has a fifty day simple moving average of $3.69 and a two-hundred day simple moving average of $3.09. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The company's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.01) earnings per share. On average, research analysts predict that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently modified their holdings of the company. Caprock Group LLC bought a new stake in shares of Petco Health and Wellness during the second quarter valued at approximately $44,000. Choreo LLC purchased a new position in shares of Petco Health and Wellness during the second quarter valued at approximately $45,000. Headlands Technologies LLC purchased a new position in shares of Petco Health and Wellness during the first quarter valued at approximately $30,000. Frank Rimerman Advisors LLC purchased a new position in shares of Petco Health and Wellness during the second quarter valued at approximately $50,000. Finally, Norden Group LLC purchased a new position in shares of Petco Health and Wellness during the first quarter valued at approximately $31,000.

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.