Petco Health and Wellness (NASDAQ:WOOF) Stock Passes Above 200-Day Moving Average – What’s Next?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price crossed 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 trading hands.

Analyst Upgrades and Downgrades

WOOF has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price target on the stock. in a research note on Monday, April 13th. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. Citigroup dropped their target price on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Finally, Zacks Research lowered 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.88.

Petco Health and Wellness Price Performance

The firm’s fifty day moving average price is $2.70 and its 200 day moving average price is $2.74. The firm has a market capitalization of $902.17 million, a PE ratio of 139.57, a P/E/G ratio of 3.15 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.

Insider Buying and Selling

In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $2.54, for a total value of $508,000.00. Following the sale, the insider directly owned 1,327,867 shares of the company’s stock, valued at approximately $3,372,782.18. This represents a 13.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 450,000 shares of company stock valued at $1,145,500 over the last 90 days. 6.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Petco Health and Wellness

A number of hedge funds have recently modified their holdings of WOOF. Sei Investments Co. grew its holdings in Petco Health and Wellness by 12.8% during the second quarter. Sei Investments Co. now owns 26,055 shares of the company’s stock worth $74,000 after acquiring an additional 2,951 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Petco Health and Wellness by 14.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock valued at $66,000 after acquiring an additional 2,988 shares during the period. Bank of Nova Scotia boosted its position in Petco Health and Wellness by 27.8% in the 2nd quarter. Bank of Nova Scotia now owns 15,208 shares of the company’s stock worth $43,000 after purchasing an additional 3,308 shares in the last quarter. Creative Planning boosted its position in Petco Health and Wellness by 11.0% in the 3rd quarter. Creative Planning now owns 40,826 shares of the company’s stock worth $158,000 after purchasing an additional 4,047 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Petco Health and Wellness by 17.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,419 shares of the company’s stock worth $80,000 after purchasing an additional 4,258 shares during the period.

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.