Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Rating of “Hold” by Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have received a consensus rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $3.8850.

A number of equities research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Thursday, June 4th. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a report on Thursday, June 11th. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th.

Petco Health and Wellness Trading Up 2.2%

Shares of Petco Health and Wellness stock opened at $2.74 on Wednesday. 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 stock’s 50 day simple moving average is $2.70 and its 200-day simple moving average is $2.73. The stock has a market cap of $886.01 million, a P/E ratio of 137.07, a P/E/G ratio of 3.11 and a beta of 1.54. Petco Health and Wellness has a 1-year low of $2.24 and a 1-year high of $4.19.

Insider Activity at Petco Health and Wellness

In related news, insider Holly May sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $2.54, for a total transaction of $508,000.00. Following the sale, the insider directly owned 1,327,867 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 450,000 shares of company stock worth $1,145,500 over the last three months. Insiders own 6.50% of the company’s stock.

Institutional Trading of Petco Health and Wellness

A number of hedge funds and other institutional investors have recently bought and sold shares of WOOF. Caitong International Asset Management Co. Ltd raised its position in shares of Petco Health and Wellness by 425.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after acquiring an additional 8,519 shares in the last quarter. Abel Hall LLC acquired a new position in Petco Health and Wellness during the fourth quarter worth approximately $31,000. Cibc World Market Inc. acquired a new position in Petco Health and Wellness during the fourth quarter worth approximately $32,000. HB Wealth Management LLC purchased a new stake in Petco Health and Wellness in the first quarter valued at approximately $34,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Petco Health and Wellness in the third quarter valued at approximately $34,000.

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.