Petco Health and Wellness (NASDAQ:WOOF) Trading Down 4.8% - What's Next?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) shares were down 4.8% on Monday . The company traded as low as $3.06 and last traded at $3.10. Approximately 1,374,587 shares changed hands during trading, a decline of 60% from the average daily volume of 3,411,851 shares. The stock had previously closed at $3.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WOOF shares. Wedbush boosted their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Morgan Stanley dropped their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company boosted their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Royal Bank of Canada restated an "outperform" rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. Finally, StockNews.com upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Saturday, February 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $4.16.

Petco Health and Wellness Stock Up 0.3 %

The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The stock's 50-day moving average is $3.82 and its 200-day moving average is $3.95. The company has a market cap of $924.67 million, a price-to-earnings ratio of -7.38 and a beta of 1.88.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new position in Petco Health and Wellness during the fourth quarter worth $25,000. Scotia Capital Inc. acquired a new position in Petco Health and Wellness during the fourth quarter worth $41,000. New York State Common Retirement Fund raised its holdings in Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock worth $44,000 after buying an additional 3,711 shares during the last quarter. Blueprint Investment Partners LLC bought a new stake in shares of Petco Health and Wellness in the 4th quarter worth $44,000. Finally, Bank of Nova Scotia bought a new stake in shares of Petco Health and Wellness in the 4th quarter worth $50,000.

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.