Petco Health and Wellness (NASDAQ:WOOF) Reaches New 52-Week Low – Time to Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s share price reached a new 52-week low on Monday . The company 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.

Wall Street Analyst Weigh In

WOOF has been the subject of several recent research reports. Evercore decreased 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 research report on Tuesday, February 3rd. Weiss Ratings reaffirmed 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.86.

Petco Health and Wellness Stock Down 3.8%

The stock has a fifty day moving average of $2.73 and a 200 day moving average of $3.12. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.91 and a quick ratio of 0.35. The firm has a market capitalization of $730.60 million, a P/E ratio of -228.77 and a beta of 1.75.

Hedge Funds Weigh In On Petco Health and Wellness

A number of hedge funds and other institutional investors have recently made changes to their positions in WOOF. Dimensional Fund Advisors LP increased its holdings 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 worth $26,571,000 after buying an additional 143,688 shares during the last quarter. Vanguard Group Inc. boosted its stake in Petco Health and Wellness by 8.0% in the third quarter. Vanguard Group Inc. now owns 8,416,496 shares of the company’s stock valued at $32,572,000 after acquiring an additional 621,026 shares during the last quarter. Holocene Advisors LP grew its position in shares of Petco Health and Wellness by 42.0% during the 3rd quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock valued at $23,575,000 after acquiring an additional 1,800,583 shares during the period. Nuveen LLC grew its position in shares of Petco Health and Wellness by 81.9% during the 4th quarter. Nuveen LLC now owns 3,998,724 shares of the company’s stock valued at $11,236,000 after acquiring an additional 1,800,860 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake 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 worth $11,095,000 after purchasing an additional 1,367,299 shares during the last quarter.

Petco Health and Wellness Company Profile

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.