Petco Health and Wellness (NASDAQ:WOOF) Trading Down 3.4%

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) shares dropped 3.4% during trading on Monday . The company traded as low as $3.37 and last traded at $3.38. Approximately 1,388,653 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 4,944,356 shares. The stock had previously closed at $3.50.

Analyst Ratings Changes

WOOF has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and set a $5.00 price objective (up from $4.00) on shares of Petco Health and Wellness in a research report on Thursday. UBS Group lifted their price target on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a report on Thursday, May 23rd. Royal Bank of Canada increased their price objective on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Bank of America restated 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. Finally, Citigroup increased their price target on Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $3.36.

Petco Health and Wellness Trading Down 3.1 %

The company has a 50-day moving average price of $3.36 and a two-hundred day moving average price of $2.65. The stock has a market cap of $1.05 billion, a P/E ratio of -0.72 and a beta of 1.89. The company has a current ratio of 0.85, a quick ratio of 0.21 and a debt-to-equity ratio of 1.35.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.09) earnings per share for the quarter, beating 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 business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. On average, research analysts expect that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current fiscal year.

Insider Buying and Selling at Petco Health and Wellness

In other Petco Health and Wellness news, Director Cameron Breitner purchased 750,000 shares of Petco Health and Wellness stock in a transaction dated Wednesday, May 29th. The shares were purchased at an average cost of $3.14 per share, for a total transaction of $2,355,000.00. Following the completion of the acquisition, the director now owns 750,000 shares in the company, valued at approximately $2,355,000. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WOOF. Jacobs Levy Equity Management Inc. bought a new stake in Petco Health and Wellness during the 1st quarter valued at about $4,091,000. Vanguard Group Inc. raised its stake in shares of Petco Health and Wellness by 15.8% during the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock valued at $20,994,000 after acquiring an additional 1,254,554 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Petco Health and Wellness by 157.3% during the first quarter. SG Americas Securities LLC now owns 1,066,507 shares of the company’s stock valued at $2,432,000 after acquiring an additional 652,080 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Petco Health and Wellness in the first quarter valued at approximately $1,260,000. Finally, Capstone Investment Advisors LLC grew its stake in Petco Health and Wellness by 453.7% in the first quarter. Capstone Investment Advisors LLC now owns 637,621 shares of the company’s stock worth $1,454,000 after purchasing an additional 522,466 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.