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 Petco Health and Wellness stock in a transaction that occurred 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 in the company, valued at $3,896,060.85. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 transaction of $255,000.00.

Petco Health and Wellness Price Performance

NASDAQ:WOOF traded down $0.04 on Thursday, hitting $2.55. The company had a trading volume of 1,701,250 shares, compared to its average volume of 2,277,829. Petco Health and Wellness Company, Inc. has a 52 week low of $2.24 and a 52 week high of $4.51. 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 stock has a market capitalization of $824.57 million, a price-to-earnings ratio of 127.56, a PEG ratio of 2.93 and a beta of 1.54. The firm has a 50 day moving average of $2.71 and a two-hundred day moving average of $2.77.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WOOF. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Zacks Research cut Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. 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. The Goldman Sachs Group lowered shares of Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 target price on the stock. in a report on Monday, April 13th. Finally, Jefferies Financial Group upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and upped their price target for the company from $4.05 to $5.00 in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.88.

Institutional Trading of Petco Health and Wellness

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Petco Health and Wellness by 6.7% during the 1st quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock valued at $749,000 after purchasing an additional 16,825 shares during the period. Amundi bought a new stake in shares of Petco Health and Wellness in the 1st quarter valued at $54,000. Renaissance Technologies LLC acquired a new stake in shares of Petco Health and Wellness during the first quarter worth $1,455,000. Arrowstreet Capital Limited Partnership bought a new position in Petco Health and Wellness during the first quarter worth $527,000. Finally, Sei Investments Co. raised its stake in Petco Health and Wellness by 36.3% during the first quarter. Sei Investments Co. now owns 149,391 shares of the company’s stock worth $415,000 after buying an additional 39,762 shares during the last quarter.

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.