Petco Health and Wellness (NASDAQ:WOOF) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.74 and traded as high as $2.78. Petco Health and Wellness shares last traded at $2.72, with a volume of 1,471,054 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WOOF. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. 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 for the company. in a research report on Monday, April 13th. Citigroup reduced their price target on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a research report on Thursday, June 4th. Finally, Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.88.

Petco Health and Wellness Stock Up 4.2%

The company has a quick ratio of 0.29, a current ratio of 0.85 and a debt-to-equity ratio of 1.27. The company has a fifty day simple moving average of $2.70 and a 200-day simple moving average of $2.74. The firm has a market cap of $879.54 million, a P/E ratio of 136.07, a price-to-earnings-growth ratio of 3.03 and a beta of 1.54.

Insider Buying and Selling at Petco Health and Wellness

In related news, insider Holly May sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $2.54, for a total transaction of $508,000.00. Following the completion of the transaction, the insider directly owned 1,327,867 shares in the company, valued at approximately $3,372,782.18. The trade was a 13.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 450,000 shares of company stock worth $1,145,500. 6.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. Dimensional Fund Advisors LP raised its stake in Petco Health and Wellness by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,111,061 shares of the company’s stock worth $28,107,000 after acquiring an additional 655,567 shares during the period. Vanguard Group Inc. boosted its position in shares of Petco Health and Wellness by 8.0% in the third quarter. Vanguard Group Inc. now owns 8,416,496 shares of the company’s stock worth $32,572,000 after purchasing an additional 621,026 shares during the period. Holocene Advisors LP boosted its position in shares of Petco Health and Wellness by 42.0% in the third quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock worth $23,575,000 after purchasing an additional 1,800,583 shares during the period. Nuveen LLC increased its stake in shares of Petco Health and Wellness by 81.9% in the fourth quarter. Nuveen LLC now owns 3,998,724 shares of the company’s stock worth $11,236,000 after purchasing an additional 1,800,860 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Petco Health and Wellness by 60.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock worth $11,095,000 after purchasing an additional 1,367,299 shares in 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.