Petco Health and Wellness (NASDAQ:WOOF) Trading Down 4.9% – Time to Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price fell 4.9% during mid-day trading on Wednesday . The company traded as low as $2.52 and last traded at $2.52. 993,880 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 1,741,190 shares. The stock had previously closed at $2.65.

Analysts Set New Price Targets

WOOF has been the subject of several research reports. Evercore dropped their target price on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Petco Health and Wellness in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Petco Health and Wellness currently has an average rating of “Hold” and an average price target of $3.86.

Petco Health and Wellness Trading Down 1.6%

The company has a current ratio of 0.91, a quick ratio of 0.35 and a debt-to-equity ratio of 1.37. The company has a market cap of $768.89 million, a PE ratio of -240.76 and a beta of 1.75. The company has a fifty day simple moving average of $2.74 and a two-hundred day simple moving average of $3.13.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new stake in shares of Petco Health and Wellness in the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Petco Health and Wellness by 425.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after purchasing an additional 8,519 shares in the last quarter. Abel Hall LLC purchased a new position in Petco Health and Wellness in the fourth quarter valued at $31,000. Cibc World Market Inc. purchased a new position in Petco Health and Wellness in the fourth quarter valued at $32,000. Finally, Quantbot Technologies LP purchased a new stake in Petco Health and Wellness during the 3rd quarter worth about $34,000.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.