Petco Health and Wellness (NASDAQ:WOOF) Shares Down 6.1% - What's Next?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) shares were down 6.1% during trading on Monday . The stock traded as low as $3.82 and last traded at $3.85. Approximately 576,671 shares traded hands during trading, a decline of 87% from the average daily volume of 4,545,808 shares. The stock had previously closed at $4.10.

Analysts Set New Price Targets

WOOF has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research report on Friday, December 20th. Morgan Stanley raised their price target on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. The Goldman Sachs Group decreased their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Finally, StockNews.com upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Petco Health and Wellness currently has a consensus rating of "Hold" and a consensus price target of $4.25.

Petco Health and Wellness Trading Down 6.6 %

The stock has a fifty day moving average of $4.39 and a 200 day moving average of $3.92. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The company has a market capitalization of $1.20 billion, a P/E ratio of -9.58 and a beta of 1.89.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. lifted its holdings in Petco Health and Wellness by 1,212.7% during the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company's stock valued at $6,863,000 after purchasing an additional 1,677,179 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its position in shares of Petco Health and Wellness by 50.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company's stock valued at $3,149,000 after purchasing an additional 280,644 shares during the period. PDT Partners LLC purchased a new position in shares of Petco Health and Wellness during the 3rd quarter valued at $865,000. Invenomic Capital Management LP bought a new position in Petco Health and Wellness in the 3rd quarter worth $2,747,000. Finally, FMR LLC increased its stake in Petco Health and Wellness by 170.9% in the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company's stock worth $6,923,000 after buying an additional 959,960 shares in the last quarter.

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.