Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives $3.88 Average PT from Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $3.8850.

Several research analysts recently issued reports on WOOF shares. Citigroup reduced their target price on 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. Weiss Ratings reissued 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 research note on Saturday, July 4th. Zacks Research downgraded shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, 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 objective for the company. in a research report on Monday, April 13th.

Insider Transactions at Petco Health and Wellness

In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of the firm’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 completion of the transaction, the insider owned 1,327,867 shares of the company’s stock, valued at approximately $3,372,782.18. This trade represents a 13.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 450,000 shares of company stock worth $1,145,500. Corporate insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Petco Health and Wellness

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in 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 during the period. Abel Hall LLC purchased a new stake in Petco Health and Wellness during the 4th quarter valued at about $31,000. Cibc World Market Inc. acquired a new position in shares of Petco Health and Wellness in the fourth quarter valued at about $32,000. HB Wealth Management LLC acquired a new position in shares of Petco Health and Wellness in the first quarter valued at about $34,000. Finally, Quantbot Technologies LP purchased a new position in shares of Petco Health and Wellness in the third quarter worth about $34,000.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $2.68 on Friday. Petco Health and Wellness has a 12 month low of $2.24 and a 12 month high of $4.51. The stock has a fifty day moving average price of $2.69 and a 200-day moving average price of $2.75. The company has a current ratio of 0.85, a quick ratio of 0.29 and a debt-to-equity ratio of 1.27. The firm has a market cap of $866.60 million, a PE ratio of 134.07, a P/E/G ratio of 3.13 and a beta of 1.54.

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.