Petco Health and Wellness (NASDAQ:WOOF) Trading Up 4.4% – Still a Buy?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price traded up 4.4% during mid-day trading on Monday . The company traded as high as $2.98 and last traded at $2.9650. 179,188 shares traded hands during trading, a decline of 91% from the average daily volume of 2,106,423 shares. The stock had previously closed at $2.84.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Citigroup cut their target price on 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. Zacks Research lowered Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Petco Health and Wellness in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus price target of $3.88.

Petco Health and Wellness Stock Performance

The company has a market capitalization of $942.59 million, a PE ratio of 145.82, a price-to-earnings-growth ratio of 3.29 and a beta of 1.54. The business’s fifty day moving average is $2.70 and its two-hundred day moving average is $2.73. The company has a current ratio of 0.85, a quick ratio of 0.29 and a debt-to-equity ratio of 1.27.

Insider Activity at Petco Health and Wellness

In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of Petco Health and Wellness 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 completion of the sale, the insider owned 1,327,867 shares of the company’s stock, valued at approximately $3,372,782.18. This trade represents a 13.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 450,000 shares of company stock valued at $1,145,500. 6.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in Petco Health and Wellness in the 3rd quarter worth about $34,000. National Bank of Canada FI bought a new stake in shares of Petco Health and Wellness in the third quarter worth $35,000. Quarry LP purchased a new stake in Petco Health and Wellness during the third quarter valued at $38,000. Caitong International Asset Management Co. Ltd increased its position in 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 valued at $30,000 after acquiring an additional 8,519 shares during the last quarter. Finally, Abel Hall LLC bought a new position in Petco Health and Wellness in the fourth quarter valued at about $31,000.

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.