Petco Health and Wellness (NASDAQ:WOOF) Trading Down 9% - Time to Sell?

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) fell 9% during mid-day trading on Friday . The stock traded as low as $3.64 and last traded at $3.65. 1,851,144 shares changed hands during trading, a decline of 54% from the average session volume of 3,998,682 shares. The stock had previously closed at $4.01.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WOOF shares. StockNews.com upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Wells Fargo & Company raised their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Morgan Stanley upped their price target on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Citigroup raised their price objective on shares of 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $4.25.

Petco Health and Wellness Stock Performance

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 firm has a market capitalization of $1.17 billion, a PE ratio of -9.35 and a beta of 1.90. The business's 50 day simple moving average is $4.28 and its two-hundred day simple moving average is $3.94.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caprock Group LLC bought a new stake in Petco Health and Wellness during the second quarter valued at approximately $44,000. Choreo LLC bought a new stake in Petco Health and Wellness during the second quarter valued at about $45,000. Frank Rimerman Advisors LLC bought a new position in shares of Petco Health and Wellness in the second quarter worth about $50,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock valued at $51,000 after buying an additional 8,056 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Petco Health and Wellness during the 3rd quarter valued at approximately $58,000.

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.