Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Short Interest Down 15.3% in January

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 15,321,731 shares, a decrease of 15.3% from the December 31st total of 18,090,157 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average trading volume of 2,233,635 shares, the days-to-cover ratio is presently 6.9 days. Based on an average trading volume of 2,233,635 shares, the days-to-cover ratio is presently 6.9 days. Approximately 5.0% of the shares of the stock are sold short.

Insider Activity

In other news, CRO Patrick J. Venezia sold 74,192 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $3.08, for a total transaction of $228,511.36. Following the sale, the executive directly owned 474,848 shares of the company’s stock, valued at approximately $1,462,531.84. This represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.40% of the company’s stock.

Institutional Trading of Petco Health and Wellness

Large investors have recently bought and sold shares of the business. Financial Management Professionals Inc. bought a new position in shares of Petco Health and Wellness in the 3rd quarter worth about $26,000. Brookwood Investment Group LLC acquired a new stake in Petco Health and Wellness during the second quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in Petco Health and Wellness by 747.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 11,090 shares of the company’s stock worth $31,000 after purchasing an additional 9,782 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Petco Health and Wellness in the second quarter valued at approximately $31,000. Finally, HB Wealth Management LLC bought a new position in shares of Petco Health and Wellness during the 2nd quarter worth approximately $33,000.

Analyst Ratings Changes

Several analysts recently issued reports on WOOF shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a research report on Monday, December 29th. Zacks Research downgraded shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Evercore ISI reduced their price target on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.86.

Petco Health and Wellness Trading Down 4.4%

NASDAQ WOOF opened at $2.60 on Wednesday. The firm has a market capitalization of $829.50 million, a PE ratio of -259.74 and a beta of 1.72. The business’s 50-day moving average price is $2.98 and its two-hundred day moving average price is $3.26. The company has a current ratio of 0.91, a quick ratio of 0.35 and a debt-to-equity ratio of 1.37. Petco Health and Wellness has a 12 month low of $2.28 and a 12 month high of $4.51.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Petco Health and Wellness had a positive return on equity of 0.46% and a negative net margin of 0.04%.The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. On average, analysts expect that Petco Health and Wellness will post -0.22 EPS for the current year.

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.