Petco Health and Wellness (NASDAQ:WOOF) Trading Down 4.9% – Here’s Why

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) shares traded down 4.9% on Monday . The company traded as low as $4.83 and last traded at $5.03. 1,446,498 shares were traded during trading, a decline of 68% from the average session volume of 4,524,661 shares. The stock had previously closed at $5.29.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WOOF shares. Royal Bank of Canada upped their price target on shares of Petco Health and Wellness from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Friday. The Goldman Sachs Group cut their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Citigroup boosted their price target 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. Morgan Stanley lifted their target price on Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Wedbush boosted their target price on Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Friday. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.16.

Petco Health and Wellness Price Performance

The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The stock’s 50-day moving average price is $4.61 and its 200-day moving average price is $3.85.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Petco Health and Wellness had a negative net margin of 1.77% and a negative return on equity of 5.40%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. As a group, 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 large investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its position in Petco Health and Wellness by 362.3% during the third quarter. Franklin Resources Inc. now owns 64,850 shares of the company’s stock worth $305,000 after purchasing an additional 50,821 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Petco Health and Wellness in the 3rd quarter valued at approximately $66,000. Geode Capital Management LLC lifted its holdings in shares of Petco Health and Wellness by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock worth $10,068,000 after acquiring an additional 186,230 shares during the period. XTX Topco Ltd acquired a new stake in shares of Petco Health and Wellness during the 3rd quarter worth approximately $602,000. Finally, Quadrature Capital Ltd bought a new position in Petco Health and Wellness in the third quarter valued at approximately $58,000.

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.