Petco Health and Wellness (NASDAQ:WOOF) Insider Holly May Sells 100,000 Shares

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) insider Holly May sold 100,000 shares of Petco Health and Wellness stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $2.55, for a total transaction of $255,000.00. Following the completion of the sale, the insider directly owned 1,677,867 shares in the company, valued at $4,278,560.85. This represents a 5.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Holly May also recently made the following trade(s):

• On Wednesday, July 8th, Holly May sold 150,000 shares of Petco Health and Wellness stock. The stock was sold at an average price of $2.55, for a total transaction of $382,500.00.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $2.55 on Friday. 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 company has a fifty day moving average of $2.70 and a two-hundred day moving average of $2.77. The stock has a market capitalization of $824.56 million, a PE ratio of 127.56, a P/E/G ratio of 3.00 and a beta of 1.54. Petco Health and Wellness Company, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.51.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WOOF. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. UBS Group boosted their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. Citigroup reduced their target price on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Thursday, June 4th. Zacks Research downgraded Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Jefferies Financial Group upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their price target for the stock from $4.05 to $5.00 in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Petco Health and Wellness by 9.1% in the first quarter. AQR Capital Management LLC now owns 1,274,588 shares of the company’s stock valued at $3,887,000 after purchasing an additional 106,295 shares during the period. Goldman Sachs Group Inc. raised its stake in Petco Health and Wellness by 60.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock worth $11,095,000 after purchasing an additional 1,367,299 shares during the period. Creative Planning boosted its holdings in Petco Health and Wellness by 14.8% in the 2nd quarter. Creative Planning now owns 36,779 shares of the company’s stock valued at $104,000 after purchasing an additional 4,734 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Petco Health and Wellness by 17.6% in the 2nd quarter. Cetera Investment Advisers now owns 28,419 shares of the company’s stock valued at $80,000 after purchasing an additional 4,258 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Petco Health and Wellness by 23.9% in the 2nd quarter. Legal & General Group Plc now owns 126,352 shares of the company’s stock valued at $358,000 after buying an additional 24,369 shares during the period.

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.