Petco Health and Wellness (NASDAQ:WOOF) Insider Sells $508,000.00 in Stock

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) insider Holly May sold 200,000 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $2.54, for a total value of $508,000.00. Following the sale, the insider owned 1,327,867 shares of the company’s stock, valued at $3,372,782.18. The trade was a 13.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Holly May also recently made the following trade(s):

• On Wednesday, July 8th, Holly May sold 150,000 shares of Petco Health and Wellness stock. The shares were sold at an average price of $2.55, for a total value of $382,500.00.
• On Tuesday, July 7th, Holly May sold 100,000 shares of Petco Health and Wellness stock. The stock was sold at an average price of $2.55, for a total transaction of $255,000.00.

Petco Health and Wellness Price Performance

NASDAQ WOOF opened at $2.56 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.29. The firm has a market capitalization of $827.80 million, a price-to-earnings ratio of 128.06, a price-to-earnings-growth ratio of 2.97 and a beta of 1.54. The company has a 50 day simple moving average of $2.70 and a 200-day simple moving average of $2.76. Petco Health and Wellness Company, Inc. has a 52-week low of $2.24 and a 52-week high of $4.51.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group lifted their target price on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Monday, March 16th. Citigroup dropped their price target on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Petco Health and Wellness in a report on Thursday, June 11th. The Goldman Sachs Group cut Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price objective for the company. in a research report on Monday, April 13th. Finally, Zacks Research downgraded Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.88.

Institutional Trading of Petco Health and Wellness

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Petco Health and Wellness by 280.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 832,412 shares of the company’s stock valued at $3,221,000 after purchasing an additional 613,591 shares in the last quarter. Candlestick Capital Management LP bought a new stake in Petco Health and Wellness in the third quarter worth $6,772,000. Union Square Park Capital Management LLC bought a new stake in Petco Health and Wellness in the third quarter worth $677,000. HB Wealth Management LLC acquired a new position in Petco Health and Wellness during the first quarter worth $34,000. Finally, Rockefeller Capital Management L.P. increased its position in Petco Health and Wellness by 14.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock worth $66,000 after buying an additional 2,988 shares during 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.