Petco Health and Wellness (NASDAQ:WOOF) Stock Price Down 7.1% - What's Next?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report)'s stock price was down 7.1% during trading on Monday . The stock traded as low as $4.57 and last traded at $4.58. Approximately 496,796 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 4,674,590 shares. The stock had previously closed at $4.93.

Wall Street Analyst Weigh In

WOOF has been the subject of a number of research reports. Royal Bank of Canada raised their target price 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. The Goldman Sachs Group lowered their target price 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 boosted their price target on Petco Health and Wellness from $5.00 to $5.50 and gave the company an "outperform" rating in a research note on Friday. Citigroup increased their price objective on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a "neutral" rating in a research report on Thursday, September 12th. Finally, Wells Fargo & Company boosted their target price on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $3.49.

Petco Health and Wellness Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average of $3.95 and a 200 day moving average of $3.21. The firm has a market capitalization of $1.45 billion, a P/E ratio of -0.93 and a beta of 1.92.

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

Institutional Investors Weigh In On Petco Health and Wellness

Several large investors have recently added to or reduced their stakes in WOOF. Vanguard Group Inc. increased its stake in shares of Petco Health and Wellness by 15.8% in the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company's stock worth $20,994,000 after purchasing an additional 1,254,554 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Petco Health and Wellness by 82.1% during the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company's stock worth $22,661,000 after purchasing an additional 2,953,667 shares in the last quarter. Marshall Wace LLP lifted its position in Petco Health and Wellness by 47.3% during the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company's stock valued at $12,857,000 after purchasing an additional 1,092,204 shares during the last quarter. Millennium Management LLC grew its stake in Petco Health and Wellness by 233.7% in the 2nd quarter. Millennium Management LLC now owns 2,679,132 shares of the company's stock worth $10,127,000 after buying an additional 1,876,233 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Petco Health and Wellness by 1,212.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company's stock worth $6,863,000 after buying an additional 1,677,179 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.