Petco Health and Wellness (NASDAQ:WOOF) Stock Price Down 4% – Time to Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price fell 4% during trading on Monday . The company traded as low as $3.79 and last traded at $3.80. 904,417 shares changed hands during trading, a decline of 80% from the average session volume of 4,551,194 shares. The stock had previously closed at $3.96.

Analysts Set New Price Targets

WOOF has been the subject of a number of research reports. 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 note on Friday, December 20th. Citigroup lifted their target price 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. Wells Fargo & Company increased their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Wedbush increased their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Morgan Stanley boosted their price target on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus target price of $4.25.

Petco Health and Wellness Stock Performance

The stock has a 50 day simple moving average of $4.43 and a two-hundred day simple moving average of $3.91. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.88 and a beta of 1.89. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22.

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WOOF. Caprock Group LLC acquired a new stake in Petco Health and Wellness during the second quarter worth approximately $44,000. Choreo LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth $45,000. Frank Rimerman Advisors LLC purchased a new stake in Petco Health and Wellness in the second quarter valued at $50,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after acquiring an additional 8,056 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Petco Health and Wellness during the second quarter worth about $52,000.

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.