Petco Health and Wellness (NASDAQ:WOOF) Trading Down 4.8% – Here’s Why

by · The Markets Daily

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report)’s share price fell 4.8% on Friday . The company traded as low as $2.89 and last traded at $2.9050. 1,588,245 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 3,846,933 shares. The stock had previously closed at $3.05.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WOOF shares. UBS Group raised their price target on Petco Health and Wellness from $3.25 to $3.70 and gave the stock a “neutral” rating in a report on Friday, August 29th. Robert W. Baird 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 research report on Friday, August 29th. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $4.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, September 3rd. Finally, Evercore ISI upped their target price on Petco Health and Wellness from $3.00 to $4.00 and gave the company an “in-line” rating in a research report on Wednesday, November 26th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.96.

Get Our Latest Analysis on Petco Health and Wellness

Petco Health and Wellness Price Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 0.91 and a quick ratio of 0.35. The stock has a fifty day simple moving average of $3.22 and a 200-day simple moving average of $3.25. The company has a market capitalization of $931.60 million, a price-to-earnings ratio of -291.71 and a beta of 1.71.

Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last posted its earnings results on Tuesday, November 25th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Petco Health and Wellness had a negative net margin of 0.04% and a positive return on equity of 0.46%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. On average, equities research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current year.

Insider Activity at Petco Health and Wellness

In related news, CRO Patrick J. Venezia sold 74,192 shares of Petco Health and Wellness stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $3.08, for a total value of $228,511.36. Following the completion of the transaction, the executive owned 474,848 shares in the company, valued at $1,462,531.84. The trade was a 13.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Petco Health and Wellness by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 8,691,631 shares of the company’s stock valued at $26,509,000 after buying an additional 682,099 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Petco Health and Wellness by 15.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,236,396 shares of the company’s stock worth $3,771,000 after acquiring an additional 168,465 shares during the period. Deutsche Bank AG lifted its holdings in Petco Health and Wellness by 1,005.9% during the first quarter. Deutsche Bank AG now owns 792,374 shares of the company’s stock valued at $2,417,000 after purchasing an additional 720,723 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Petco Health and Wellness in the first quarter valued at about $6,341,000. Finally, Hsbc Holdings PLC increased its stake in shares of Petco Health and Wellness by 30.0% during the first quarter. Hsbc Holdings PLC now owns 74,237 shares of the company’s stock worth $226,000 after purchasing an additional 17,148 shares in the last quarter.

About Petco Health and Wellness

(Get Free Report)

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.

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