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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price was down 4.8% during trading on Monday . The stock traded as low as $3.42 and last traded at $3.4450. Approximately 3,262,805 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 2,602,248 shares. The stock had previously closed at $3.62.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th. Citigroup boosted their target price on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Monday. Jefferies Financial Group upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and upped their price target for the company from $4.05 to $5.00 in a research report on Thursday. Finally, Evercore dropped their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.07.

Petco Health and Wellness Trading Down 7.5%

The company has a quick ratio of 0.38, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 112.17 and a beta of 1.75. The firm has a 50 day moving average price of $2.72 and a two-hundred day moving average price of $3.10.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Petco Health and Wellness had a return on equity of 0.89% and a net margin of 0.15%.The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted ($0.05) EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, equities analysts forecast that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current year.

Institutional Trading of Petco Health and Wellness

A number of institutional investors have recently bought and sold shares of WOOF. Nuveen LLC lifted its stake in shares of Petco Health and Wellness by 81.9% in the 4th quarter. Nuveen LLC now owns 3,998,724 shares of the company’s stock valued at $11,236,000 after purchasing an additional 1,800,860 shares during the period. Holocene Advisors LP grew its stake in Petco Health and Wellness by 42.0% during the third quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock worth $23,575,000 after purchasing an additional 1,800,583 shares during the period. Candlestick Capital Management LP acquired a new stake in Petco Health and Wellness during the third quarter worth approximately $6,772,000. Goldman Sachs Group Inc. grew its stake in Petco Health and Wellness by 60.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock worth $11,095,000 after purchasing an additional 1,367,299 shares during the period. Finally, Norges Bank bought a new stake in Petco Health and Wellness in the second quarter worth approximately $3,770,000.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.