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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price was down 9% during mid-day trading on Friday . The company traded as low as $3.64 and last traded at $3.65. Approximately 1,851,144 shares were traded during trading, a decline of 54% from the average daily volume of 3,998,682 shares. The stock had previously closed at $4.01.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WOOF shares. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Morgan Stanley lifted their target price on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Wells Fargo & Company increased 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 report on Friday, December 6th. Wedbush lifted their price objective on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Petco Health and Wellness currently has an average rating of “Hold” and an average price target of $4.25.

Petco Health and Wellness Stock Down 6.7 %

The firm has a 50 day moving average price of $4.28 and a 200-day moving average price of $3.94. 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 firm has a market cap of $1.17 billion, a price-to-earnings ratio of -9.35 and a beta of 1.90.

Hedge Funds Weigh In On Petco Health and Wellness

Large investors have recently bought and sold shares of the business. Caprock Group LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth $44,000. Choreo LLC acquired a new stake in shares of Petco Health and Wellness during the second quarter worth $45,000. Frank Rimerman Advisors LLC bought a new stake in Petco Health and Wellness in the second quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after purchasing an additional 8,056 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Petco Health and Wellness in the third quarter valued at about $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.