Petco Health and Wellness (NASDAQ:WOOF) Trading Down 5.6%

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price fell 5.6% during mid-day trading on Tuesday . The company traded as low as $3.18 and last traded at $3.18. 1,165,807 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 4,956,633 shares. The stock had previously closed at $3.37.

Analyst Ratings Changes

A number of analysts recently weighed in on WOOF shares. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a report on Thursday, May 23rd. Citigroup lowered their price target on shares of Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and issued a $4.00 price target on shares of Petco Health and Wellness in a report on Wednesday, May 29th. Royal Bank of Canada raised their price target on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Finally, Bank of America reissued an “underperform” rating and issued a $1.50 price target (down previously from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.09.

Petco Health and Wellness Stock Up 2.1 %

The business’s fifty day simple moving average is $2.92 and its 200 day simple moving average is $2.62. The company has a current ratio of 0.85, a quick ratio of 0.21 and a debt-to-equity ratio of 1.35. The stock has a market cap of $985.18 million, a price-to-earnings ratio of -0.64 and a beta of 1.89.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Wednesday, May 22nd. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. Equities analysts forecast that Petco Health and Wellness Company, Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Transactions at Petco Health and Wellness

In other news, Director Cameron Breitner purchased 750,000 shares of Petco Health and Wellness stock in a transaction dated Wednesday, May 29th. The shares were bought at an average cost of $3.14 per share, with a total value of $2,355,000.00. Following the completion of the transaction, the director now directly owns 750,000 shares in the company, valued at approximately $2,355,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Petco Health and Wellness

A number of hedge funds and other institutional investors have recently made changes to their positions in WOOF. Headlands Technologies LLC bought a new position in shares of Petco Health and Wellness during the first quarter worth $30,000. Norden Group LLC bought a new stake in Petco Health and Wellness in the 1st quarter valued at $31,000. Everhart Financial Group Inc. bought a new stake in Petco Health and Wellness in the 4th quarter valued at $41,000. FNY Investment Advisers LLC bought a new stake in Petco Health and Wellness in the 4th quarter valued at $44,000. Finally, HB Wealth Management LLC bought a new stake in Petco Health and Wellness in the 1st quarter valued at $49,000.

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.