Petco Health and Wellness (NASDAQ:WOOF) Stock Price Down 6.1% – Should You Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price fell 6.1% on Monday . The stock traded as low as $3.82 and last traded at $3.85. 576,671 shares traded hands during trading, a decline of 87% from the average session volume of 4,545,808 shares. The stock had previously closed at $4.10.

Wall Street Analysts Forecast Growth

WOOF has been the subject of several recent analyst reports. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a research report on Friday, December 20th. The Goldman Sachs Group decreased their price objective 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. 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 research note on Friday, December 6th. Finally, Citigroup increased their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.25.

Petco Health and Wellness Price Performance

The business has a 50-day moving average price of $4.39 and a 200 day moving average price of $3.92. The stock has a market cap of $1.20 billion, a PE ratio of -9.55 and a beta of 1.89. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. lifted its stake in shares of Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after buying an additional 1,677,179 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its position in shares of Petco Health and Wellness by 50.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company’s stock worth $3,149,000 after acquiring an additional 280,644 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Petco Health and Wellness in the third quarter valued at $865,000. Invenomic Capital Management LP bought a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at $2,747,000. Finally, FMR LLC lifted its holdings in Petco Health and Wellness by 170.9% during the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company’s stock worth $6,923,000 after purchasing an additional 959,960 shares in the last quarter.

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.