Petco Health and Wellness (NASDAQ:WOOF) Hits New 52-Week Low at $1.86

Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $1.86 and last traded at $1.99, with a volume of 966900 shares trading hands. The stock had previously closed at $2.08.

Analyst Upgrades and Downgrades

WOOF has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a research note on Wednesday, March 13th. Jefferies Financial Group started coverage on shares of Petco Health and Wellness in a research report on Tuesday, December 19th. They issued a “hold” rating and a $3.11 price target on the stock. Royal Bank of Canada dropped their price target on shares of Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating on the stock in a research report on Friday, March 15th. UBS Group dropped their price target on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 20th. Finally, Evercore ISI dropped their price target on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.65.

Check Out Our Latest Report on Petco Health and Wellness

Petco Health and Wellness Stock Performance

The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.24 and a current ratio of 0.86. The stock’s 50-day moving average is $2.41 and its 200-day moving average is $3.05.

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. Petco Health and Wellness’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS. Analysts predict that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current year.

Institutional Trading of Petco Health and Wellness

A number of large investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in shares of Petco Health and Wellness by 73.4% in the 3rd quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company’s stock valued at $21,084,000 after buying an additional 2,210,988 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Petco Health and Wellness during the 3rd quarter valued at $1,574,000. Graham Capital Management L.P. acquired a new stake in Petco Health and Wellness during the 3rd quarter valued at $436,000. FMR LLC lifted its holdings in Petco Health and Wellness by 216.2% during the 3rd quarter. FMR LLC now owns 604,446 shares of the company’s stock valued at $2,472,000 after purchasing an additional 413,295 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter valued at $21,579,000.

Petco Health and Wellness Company Profile

(Get Free Report)

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.

Further Reading

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