Petco Health and Wellness (NASDAQ:WOOF) Shares Down 5.3% - Time to Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report)'s share price was down 5.3% during trading on Monday . The company traded as low as $4.21 and last traded at $4.25. Approximately 313,089 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 4,562,323 shares. The stock had previously closed at $4.49.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WOOF shares. Citigroup raised their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the company a "neutral" rating in a report on Thursday, September 12th. Royal Bank of Canada raised their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Wedbush raised their price target on Petco Health and Wellness from $5.00 to $5.50 and gave the company an "outperform" rating in a research report on Friday, October 18th. Wells Fargo & Company raised their price target on 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. Finally, The Goldman Sachs Group dropped their price target on Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $3.49.

Petco Health and Wellness Stock Down 4.2 %

The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average of $4.35 and a two-hundred day moving average of $3.42. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -0.87 and a beta of 1.92.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly 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 company 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 firm's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) EPS. As a group, sell-side analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of Petco Health and Wellness

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. bought a new stake in Petco Health and Wellness during the 3rd quarter valued at approximately $728,000. Rice Hall James & Associates LLC bought a new stake in Petco Health and Wellness during the 3rd quarter valued at approximately $2,120,000. International Assets Investment Management LLC boosted its stake in Petco Health and Wellness by 311.1% during the 3rd quarter. International Assets Investment Management LLC now owns 170,398 shares of the company's stock valued at $775,000 after purchasing an additional 128,948 shares during the period. SG Americas Securities LLC boosted its stake in Petco Health and Wellness by 2.7% during the 3rd quarter. SG Americas Securities LLC now owns 1,099,254 shares of the company's stock valued at $5,002,000 after purchasing an additional 28,695 shares during the period. Finally, Ariadne Wealth Management LP bought a new stake in shares of Petco Health and Wellness in the 2nd quarter worth approximately $81,000.

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.