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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) insider Holly May sold 200,000 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $2.54, for a total transaction 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. The trade was a 13.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 WOOF stock traded up $0.01 during mid-day trading on Friday, reaching $2.56. The stock had a trading volume of 1,449,423 shares, compared to its average volume of 1,709,752. The firm’s 50 day simple moving average is $2.70 and its 200 day simple moving average is $2.76. The company has a quick ratio of 0.29, a current ratio of 0.85 and a debt-to-equity ratio of 1.27. Petco Health and Wellness Company, Inc. has a one year low of $2.24 and a one year high of $4.51. The firm has a market cap of $827.80 million, a PE ratio of 128.06, a P/E/G ratio of 2.97 and a beta of 1.54.

Institutional Trading of Petco Health and Wellness

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of Petco Health and Wellness by 6.7% in the first quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock valued at $749,000 after buying an additional 16,825 shares in the last quarter. Amundi bought a new stake in Petco Health and Wellness during the 1st quarter worth about $54,000. Renaissance Technologies LLC bought a new stake in Petco Health and Wellness during the 1st quarter worth about $1,455,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Petco Health and Wellness in the first quarter worth about $527,000. Finally, Sei Investments Co. raised its stake in shares of Petco Health and Wellness by 36.3% in the first quarter. Sei Investments Co. now owns 149,391 shares of the company’s stock worth $415,000 after acquiring an additional 39,762 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WOOF. The Goldman Sachs Group lowered shares of Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price target on the stock. in a report on Monday, April 13th. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. Citigroup lowered their price objective 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. UBS Group increased their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. Finally, Zacks Research downgraded shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. 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 company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.88.

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.