Petco Health and Wellness (NASDAQ:WOOF) Hits New 52-Week Low at $1.55

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) reached a new 52-week low on Tuesday . The company traded as low as $1.55 and last traded at $1.64, with a volume of 221009 shares. The stock had previously closed at $1.65.

Analysts Set New Price Targets

A number of research firms have weighed in on WOOF. Bank of America reaffirmed an “underperform” rating and set a $1.50 target price (down previously from $5.00) on shares of Petco Health and Wellness in a research note on Tuesday, April 2nd. Wells Fargo & Company reduced their price objective on shares of Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Monday, March 25th. Robert W. Baird reduced their price objective on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, March 13th. Finally, UBS Group reduced their price objective on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.65.

Petco Health and Wellness Price Performance

The stock’s 50-day simple moving average is $2.28 and its 200 day simple moving average is $2.90. The firm has a market cap of $497.94 million, a P/E ratio of -0.34 and a beta of 1.15. The company has a quick ratio of 0.24, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Petco Health and Wellness (NASDAQ:WOOF) last posted its earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business posted $0.17 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, research analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Management LLC acquired a new stake in shares of Petco Health and Wellness in the 1st quarter worth about $25,000. Advisory Services Network LLC lifted its position in shares of Petco Health and Wellness by 61.9% during the 1st quarter. Advisory Services Network LLC now owns 4,065 shares of the company’s stock worth $37,000 after buying an additional 1,554 shares in the last quarter. Brinker Capital Investments LLC lifted its position in shares of Petco Health and Wellness by 4.5% during the 1st quarter. Brinker Capital Investments LLC now owns 39,780 shares of the company’s stock worth $778,000 after buying an additional 1,711 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Petco Health and Wellness by 13.4% during the 2nd quarter. Osaic Holdings Inc. now owns 15,671 shares of the company’s stock worth $140,000 after buying an additional 1,857 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in shares of Petco Health and Wellness by 15.3% during the 3rd quarter. Ensign Peak Advisors Inc now owns 14,390 shares of the company’s stock worth $161,000 after buying an additional 1,910 shares in the last quarter.

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.