Petco Health and Wellness Target of Unusually Large Options Trading (NASDAQ:WOOF)

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) was the recipient of unusually large options trading on Thursday. Stock investors acquired 11,818 call options on the company. This represents an increase of 306% compared to the typical volume of 2,913 call options.

Petco Health and Wellness Stock Up 35.9 %

WOOF traded up $0.88 during midday trading on Thursday, reaching $3.32. 17,042,082 shares of the company were exchanged, compared to its average volume of 4,390,527. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The company’s fifty day moving average price is $2.99 and its 200 day moving average price is $3.92. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -8.31 and a beta of 1.92.

Analysts Set New Price Targets

WOOF has been the topic of several research analyst reports. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Royal Bank of Canada cut their price target on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday. Wedbush lowered their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday. Morgan Stanley cut their target price on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company lifted their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $3.80.

Institutional Investors Weigh In On Petco Health and Wellness

A number of institutional investors and hedge funds have recently bought and sold shares of WOOF. Aster Capital Management DIFC Ltd bought a new position in Petco Health and Wellness during the fourth quarter valued at about $25,000. Scotia Capital Inc. bought a new stake in Petco Health and Wellness during the 4th quarter valued at $41,000. New York State Common Retirement Fund lifted its position in shares of Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after acquiring an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC purchased a new position in shares of Petco Health and Wellness in the fourth quarter valued at $44,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Petco Health and Wellness during the 4th quarter valued at $45,000.

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.