Petco Health and Wellness (NASDAQ:WOOF) Insider Holly May Sells 200,000 Shares

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) 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 value of $508,000.00. Following the transaction, the insider 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, July 8th, Holly May sold 150,000 shares of Petco Health and Wellness stock. The shares were sold at an average price of $2.55, for a total transaction of $382,500.00.
• 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 Stock Up 0.4%

Shares of NASDAQ WOOF traded up $0.01 on Friday, reaching $2.56. 1,449,423 shares of the company’s stock traded hands, compared to its average volume of 2,271,457. The business’s 50 day simple moving average is $2.70 and its two-hundred day simple moving average is $2.77. The company has a market cap of $827.79 million, a price-to-earnings ratio of 128.06, a price-to-earnings-growth ratio of 3.00 and a beta of 1.54. Petco Health and Wellness Company, Inc. has a 12 month low of $2.24 and a 12 month high of $4.51. The company has a quick ratio of 0.29, a current ratio of 0.85 and a debt-to-equity ratio of 1.27.

Analyst Ratings Changes

WOOF has been the topic of a number of research analyst reports. Zacks Research downgraded 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 Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 target price for the company. in a research report on Monday, April 13th. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. Jefferies Financial Group raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and raised their price target for the company from $4.05 to $5.00 in a report on Thursday, March 12th. Finally, UBS Group lifted their price target 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. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.88.

Hedge Funds Weigh In On Petco Health and Wellness

Several hedge funds and other institutional investors have recently modified their holdings of WOOF. Quantbot Technologies LP purchased a new position in shares of Petco Health and Wellness in the 3rd quarter worth $34,000. National Bank of Canada FI purchased a new stake in Petco Health and Wellness during the third quarter valued at $35,000. Quarry LP bought a new position in Petco Health and Wellness in the third quarter valued at about $38,000. Caitong International Asset Management Co. Ltd boosted its position in Petco Health and Wellness by 425.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after purchasing an additional 8,519 shares during the last quarter. Finally, Abel Hall LLC purchased a new position in Petco Health and Wellness in the fourth quarter worth about $31,000.

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.