Petco Health and Wellness (NASDAQ:WOOF) Insider Sells $382,500.00 in Stock

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) insider Holly May sold 150,000 shares of Petco Health and Wellness stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $2.55, for a total transaction of $382,500.00. Following the completion of the transaction, the insider owned 1,527,867 shares in the company, valued at approximately $3,896,060.85. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $2.54, for a total transaction of $508,000.00.
• On Tuesday, July 7th, Holly May sold 100,000 shares of Petco Health and Wellness stock. The stock was sold at an average price of $2.55, for a total transaction of $255,000.00.

Petco Health and Wellness Stock Performance

Shares of WOOF stock traded up $0.01 during mid-day trading on Friday, hitting $2.56. The stock had a trading volume of 1,449,423 shares, compared to its average volume of 1,709,752. Petco Health and Wellness Company, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.51. The firm has a market cap of $827.80 million, a PE ratio of 128.06, a PEG ratio of 2.97 and a beta of 1.54. 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 company’s 50-day simple moving average is $2.70 and its 200-day simple moving average is $2.76.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WOOF shares. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a research report on Thursday, June 11th. The Goldman Sachs Group cut Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 target price on the stock. in a research report on Monday, April 13th. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Zacks Research cut Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Citigroup decreased 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. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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. Caitong International Asset Management Co. Ltd lifted its stake in shares of Petco Health and Wellness by 425.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock valued at $30,000 after purchasing an additional 8,519 shares during the period. Abel Hall LLC acquired a new position in Petco Health and Wellness during the fourth quarter worth about $31,000. Cibc World Market Inc. acquired a new position in Petco Health and Wellness during the fourth quarter worth about $32,000. HB Wealth Management LLC purchased a new position in Petco Health and Wellness in the first quarter valued at about $34,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at approximately $34,000.

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.