Petco Health and Wellness (NASDAQ:WOOF) Insider Sells $255,000.00 in Stock

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) insider Holly May sold 100,000 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $2.55, for a total transaction of $255,000.00. Following the transaction, the insider owned 1,677,867 shares in the company, valued at approximately $4,278,560.85. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, July 9th, Holly May sold 200,000 shares of Petco Health and Wellness stock. The stock was sold at an average price of $2.54, for a total transaction of $508,000.00.
• 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 transaction of $382,500.00.

Petco Health and Wellness Stock Performance

Shares of WOOF traded up $0.01 during midday 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 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 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. The company has a current ratio of 0.85, a quick ratio of 0.29 and a debt-to-equity ratio of 1.27.

Wall Street Analysts Forecast Growth

WOOF has been the topic of a number of recent analyst reports. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. UBS Group lifted their target price 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. Weiss Ratings reissued a “sell (d)” rating on shares of Petco Health and Wellness in a report on Thursday, June 11th. Citigroup dropped their price target 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. Finally, The Goldman Sachs Group downgraded Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price target for the company. in a report on Monday, April 13th. Two 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 data from MarketBeat, the company has an average rating of “Hold” and an average price target of $3.88.

Hedge Funds Weigh In On Petco Health and Wellness

A number of large investors have recently made changes to their positions in WOOF. AQR Capital Management LLC boosted its stake in Petco Health and Wellness by 9.1% in the 1st quarter. AQR Capital Management LLC now owns 1,274,588 shares of the company’s stock valued at $3,887,000 after purchasing an additional 106,295 shares during the period. Goldman Sachs Group Inc. increased its position in Petco Health and Wellness by 60.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock worth $11,095,000 after buying an additional 1,367,299 shares during the period. Creative Planning lifted its holdings in shares of Petco Health and Wellness by 14.8% during the second quarter. Creative Planning now owns 36,779 shares of the company’s stock worth $104,000 after buying an additional 4,734 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Petco Health and Wellness by 17.6% during the second quarter. Cetera Investment Advisers now owns 28,419 shares of the company’s stock worth $80,000 after buying an additional 4,258 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Petco Health and Wellness by 23.9% in the second quarter. Legal & General Group Plc now owns 126,352 shares of the company’s stock valued at $358,000 after acquiring an additional 24,369 shares during the period.

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.