Petco Health and Wellness (NASDAQ:WOOF) Sets New 12-Month Low – Time to Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price reached a new 52-week low on Tuesday. The company traded as low as $2.24 and last traded at $2.2550, with a volume of 788674 shares trading hands. The stock had previously closed at $2.27.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, September 3rd. BNP Paribas Exane lowered their price objective on Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating on the stock in a research report on Thursday, September 3rd. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. Citigroup decreased their price target on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Finally, Zacks Research raised Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.42.

Petco Health and Wellness Price Performance

The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.39. The business’s 50 day moving average price is $2.63 and its 200 day moving average price is $2.72. The stock has a market capitalization of $735.96 million, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.07 and a beta of 1.53.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Sell-side analysts forecast that Petco Health and Wellness Company, Inc. will post 0.1 EPS for the current year.

Insider Buying and Selling at Petco Health and Wellness

In other news, insider Holly May sold 200,000 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $2.54, for a total value of $508,000.00. Following the transaction, the insider directly owned 1,327,867 shares in the company, valued at $3,372,782.18. This trade represents a 13.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 450,000 shares of company stock worth $1,145,500. 6.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in Petco Health and Wellness in the first quarter worth about $1,455,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Petco Health and Wellness during the 1st quarter valued at about $3,883,000. Dimensional Fund Advisors LP increased its position in shares of Petco Health and Wellness by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,111,061 shares of the company’s stock valued at $28,107,000 after purchasing an additional 655,567 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Petco Health and Wellness in the 2nd quarter worth approximately $723,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Petco Health and Wellness in the first quarter worth approximately $527,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a pet-focused retailer and services provider operating primarily in the United States and Puerto Rico. The company serves pet owners through a network of stores and digital channels, offering products and services for dogs, cats, small animals, birds, fish and reptiles.

Petco sells pet food, treats, supplies, toys, bedding, habitats and other everyday care products, including merchandise under its own brands such as WholeHearted, Reddy and EveryYay.