Petco Health and Wellness (NASDAQ:WOOF) Trading 4.5% Higher

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)’s stock price shot up 4.5% during mid-day trading on Wednesday . The stock traded as high as $3.75 and last traded at $3.73. 611,517 shares changed hands during trading, a decline of 88% from the average session volume of 4,924,683 shares. The stock had previously closed at $3.57.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wedbush restated an “outperform” rating and set a $5.00 target price (up previously from $4.00) on shares of Petco Health and Wellness in a research report on Thursday. Bank of America reissued an “underperform” rating and set a $1.50 price objective (down from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Wells Fargo & Company cut their target price on shares of Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Monday, March 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. Finally, Citigroup raised their target price on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Petco Health and Wellness presently has an average rating of “Hold” and a consensus price target of $3.36.

Petco Health and Wellness Stock Performance

The company has a market cap of $1.14 billion, a price-to-earnings ratio of -0.74 and a beta of 1.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21. The stock has a 50-day moving average price of $3.32 and a 200 day moving average price of $2.65.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. As a group, analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current fiscal year.

Insider Transactions at Petco Health and Wellness

In other Petco Health and Wellness news, Director Cameron Breitner purchased 750,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average cost of $3.14 per share, with a total value of $2,355,000.00. Following the purchase, the director now directly owns 750,000 shares of the company’s stock, valued at $2,355,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Petco Health and Wellness

Hedge funds and other institutional investors have recently modified their holdings of the stock. TriaGen Wealth Management LLC bought a new stake in Petco Health and Wellness during the second quarter worth $377,000. Diversified Trust Co bought a new stake in Petco Health and Wellness during the second quarter worth $79,000. Wedmont Private Capital bought a new stake in Petco Health and Wellness during the second quarter worth $81,000. SG Americas Securities LLC raised its position in Petco Health and Wellness by 0.4% during the second quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company’s stock worth $4,047,000 after acquiring an additional 4,052 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its position in shares of Petco Health and Wellness by 10.9% in the second quarter. Simplicity Wealth LLC now owns 553,429 shares of the company’s stock valued at $2,092,000 after buying an additional 54,238 shares during the last quarter.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.