Petco Health and Wellness (NASDAQ:WOOF) Shares Gap Down – Should You Sell?

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) gapped down prior to trading on Thursday . The stock had previously closed at $4.91, but opened at $4.74. Petco Health and Wellness shares last traded at $4.74, with a volume of 376,505 shares trading hands.

Analyst Upgrades and Downgrades

WOOF has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Royal Bank of Canada lifted their target price on Petco Health and Wellness from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Wedbush lifted their price target on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Friday, December 6th. The Goldman Sachs Group cut their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Morgan Stanley lifted their price target on Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.16.

Petco Health and Wellness Trading Down 1.4 %

The company has a fifty day moving average of $4.61 and a 200 day moving average of $3.88. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Petco Health and Wellness had a negative return on equity of 5.40% and a negative net margin of 1.77%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company earned ($0.01) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of 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 buying an additional 8,056 shares in the last quarter. Caprock Group LLC bought a new position in shares of Petco Health and Wellness in the second quarter valued at $44,000. Choreo LLC bought a new position in shares of Petco Health and Wellness in the second quarter valued at $45,000. Quadrature Capital Ltd bought a new position in shares of Petco Health and Wellness in the third quarter valued at $58,000. Finally, Frank Rimerman Advisors LLC bought a new position in shares of Petco Health and Wellness in the second quarter valued at $50,000.

Petco Health and Wellness Company Profile

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.