Petco Health and Wellness (NASDAQ:WOOF) Sets New 1-Year Low – What’s Next?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $2.24 and last traded at $2.25, with a volume of 449650 shares changing hands. The stock had previously closed at $2.38.

Analysts Set New Price Targets

WOOF has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Petco Health and Wellness in a research report on Monday, December 29th. Evercore cut their price target on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Tuesday, February 3rd. Three 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, the company presently has a consensus rating of “Hold” and a consensus price target of $3.86.

Petco Health and Wellness Price Performance

The business has a fifty day moving average of $2.73 and a 200-day moving average of $3.12. 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 firm has a market cap of $730.60 million, a PE ratio of -228.77 and a beta of 1.75.

Hedge Funds Weigh In On Petco Health and Wellness

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Petco Health and Wellness by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,455,494 shares of the company’s stock valued at $26,571,000 after acquiring an additional 143,688 shares in the last quarter. Vanguard Group Inc. increased its holdings in Petco Health and Wellness by 8.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,416,496 shares of the company’s stock worth $32,572,000 after acquiring an additional 621,026 shares during the period. Holocene Advisors LP lifted its stake in Petco Health and Wellness by 42.0% in the 3rd quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock worth $23,575,000 after purchasing an additional 1,800,583 shares in the last quarter. Nuveen LLC boosted its holdings in Petco Health and Wellness by 81.9% in the 4th quarter. Nuveen LLC now owns 3,998,724 shares of the company’s stock valued at $11,236,000 after purchasing an additional 1,800,860 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Petco Health and Wellness by 60.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after purchasing an additional 1,367,299 shares in the last quarter.

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.