Petco Health and Wellness (NASDAQ:WOOF) Insider Holly May Sells 150,000 Shares of Stock

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) insider Holly May sold 150,000 shares of the business’s 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 sale, the insider directly owned 1,527,867 shares of the company’s stock, valued at $3,896,060.85. This represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Holly May also recently made the following trade(s):

• 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 value of $255,000.00.

Petco Health and Wellness Price Performance

Shares of Petco Health and Wellness stock opened at $2.55 on Friday. Petco Health and Wellness Company, Inc. has a twelve month low of $2.24 and a twelve month high of $4.51. The stock has a market capitalization of $824.56 million, a P/E ratio of 127.56, a PEG ratio of 3.00 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. The business’s fifty day moving average price is $2.70 and its 200 day moving average price is $2.77.

Institutional Trading of Petco Health and Wellness

Several large investors have recently modified their holdings of WOOF. AQR Capital Management LLC lifted its stake in shares of Petco Health and Wellness by 9.1% in the first quarter. AQR Capital Management LLC now owns 1,274,588 shares of the company’s stock worth $3,887,000 after acquiring an additional 106,295 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Petco Health and Wellness by 60.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after purchasing an additional 1,367,299 shares in the last quarter. Creative Planning increased its holdings in Petco Health and Wellness by 14.8% during the 2nd quarter. Creative Planning now owns 36,779 shares of the company’s stock worth $104,000 after purchasing an additional 4,734 shares during the last quarter. Cetera Investment Advisers increased its holdings in 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 last quarter. Finally, Legal & General Group Plc raised its position in shares of Petco Health and Wellness by 23.9% in the 2nd quarter. Legal & General Group Plc now owns 126,352 shares of the company’s stock valued at $358,000 after purchasing an additional 24,369 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on WOOF shares. Zacks Research cut Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. 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 target on the stock. in a report on Monday, April 13th. UBS Group boosted their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Petco Health and Wellness in a research report on Thursday, June 11th. Finally, Jefferies Financial Group raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and raised their target price for the company from $4.05 to $5.00 in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Petco Health and Wellness currently has an average rating of “Hold” and a consensus price target of $3.88.

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.