Petco Health and Wellness (NASDAQ:WOOF) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.74 and traded as high as $2.98. Petco Health and Wellness shares last traded at $2.96, with a volume of 1,581,828 shares trading hands.

Analyst Upgrades and Downgrades

WOOF has been the topic of a number of research reports. Citigroup lowered their price target 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. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. 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 objective on the stock. in a research report on Monday, April 13th. Finally, Zacks Research downgraded shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Petco Health and Wellness presently has an average rating of “Hold” and an average target price of $3.88.

Petco Health and Wellness Price Performance

The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.29. The company’s 50 day moving average is $2.72 and its 200 day moving average is $2.73. The stock has a market cap of $895.70 million, a price-to-earnings ratio of 138.57, a PEG ratio of 3.43 and a beta of 1.54.

Insider Activity

In other news, insider Holly May sold 200,000 shares of Petco Health and Wellness stock in a transaction that occurred on 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 in the company, valued at approximately $3,372,782.18. This trade represents a 13.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 450,000 shares of company stock worth $1,145,500. 6.50% of the stock is currently owned by company insiders.

Institutional Trading of Petco Health and Wellness

Several large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in Petco Health and Wellness by 425.1% in 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 during the last quarter. Abel Hall LLC acquired a new position in Petco Health and Wellness during the fourth quarter worth about $31,000. Cibc World Market Inc. purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $32,000. HB Wealth Management LLC purchased a new stake in shares of Petco Health and Wellness in the first quarter valued at about $34,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Petco Health and Wellness in 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.