Petco Health and Wellness (NASDAQ:WOOF) Insider Holly May Sells 200,000 Shares

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) 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 sale, the insider owned 1,327,867 shares in the company, valued at $3,372,782.18. This trade represents a 13.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $2.55, for a total value of $255,000.00.

Petco Health and Wellness Stock Performance

Shares of NASDAQ WOOF traded up $0.01 during mid-day trading on Friday, reaching $2.56. 1,449,423 shares of the company’s stock were exchanged, compared to its average volume of 1,709,752. The firm has a 50-day moving average price of $2.70 and a two-hundred day moving average price of $2.76. 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 2.96 and a beta of 1.54. Petco Health and Wellness Company, Inc. has a 52 week low of $2.24 and a 52 week high of $4.51.

Institutional Trading of Petco Health and Wellness

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

Analysts Set New Price Targets

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

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.