Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Consensus Rating of “Hold” from Analysts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $3.8850.

WOOF has been the topic of several research reports. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Petco Health and Wellness in a report on Thursday, June 11th. Citigroup reduced 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 research note on Thursday, June 4th. Finally, Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th.

Petco Health and Wellness Trading Up 2.2%

Shares of Petco Health and Wellness stock opened at $2.76 on Wednesday. The stock has a market capitalization of $892.47 million, a P/E ratio of 138.07, a P/E/G ratio of 3.27 and a beta of 1.54. Petco Health and Wellness has a 52-week low of $2.24 and a 52-week high of $4.19. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.29 and a current ratio of 0.85. The stock’s 50-day simple moving average is $2.70 and its 200 day simple moving average is $2.73.

Insider Activity at Petco Health and Wellness

In other news, insider Holly May sold 200,000 shares of Petco Health and Wellness stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $2.54, for a total value of $508,000.00. Following the completion of the transaction, the insider directly owned 1,327,867 shares in the company, valued at approximately $3,372,782.18. The trade was a 13.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 450,000 shares of company stock valued at $1,145,500 over the last three months. 6.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WOOF. Quantbot Technologies LP purchased a new position in Petco Health and Wellness during the 3rd quarter valued at about $34,000. National Bank of Canada FI purchased a new stake in shares of Petco Health and Wellness in the third quarter worth about $35,000. Quarry LP purchased a new stake in shares of Petco Health and Wellness in the third quarter worth about $38,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Petco Health and Wellness by 425.1% in the fourth 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 period. Finally, Abel Hall LLC bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at approximately $31,000.

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.