Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 4.4% – Still a Buy?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price traded up 4.4% during trading on Monday . The stock traded as high as $2.98 and last traded at $2.9650. Approximately 179,188 shares were traded during trading, a decline of 91% from the average session volume of 2,106,423 shares. The stock had previously closed at $2.84.

Analysts Set New Price Targets

Several brokerages have recently issued reports 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. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a report on Thursday, June 11th. Zacks Research cut Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Citigroup lowered their target price on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Petco Health and Wellness currently has a consensus rating of “Hold” and an average price target of $3.88.

Petco Health and Wellness Price Performance

The company has a market cap of $892.47 million, a price-to-earnings ratio of 138.07, a P/E/G ratio of 3.34 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 has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.73.

Insider Buying and Selling

In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $2.54, for a total transaction of $508,000.00. Following the completion of the sale, the insider directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 450,000 shares of company stock worth $1,145,500 over the last ninety days. 6.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $30,000 after acquiring an additional 8,519 shares in the last quarter. Abel Hall LLC purchased a new stake in shares of Petco Health and Wellness in the fourth quarter worth approximately $31,000. Cibc World Market Inc. acquired a new stake in shares of Petco Health and Wellness during the fourth quarter worth approximately $32,000. HB Wealth Management LLC acquired a new stake in shares of Petco Health and Wellness during the first quarter worth approximately $34,000. Finally, Quantbot Technologies LP purchased a new position in Petco Health and Wellness during the third quarter valued at approximately $34,000.

Petco Health and Wellness Company Profile

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.