Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Average Rating of “Hold” by Brokerages

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) have earned an average rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $3.8850.

A number of analysts have recently issued reports on WOOF shares. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Zacks Research downgraded Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup decreased their price objective on shares of 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. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. Finally, 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 target on the stock. in a research note on Monday, April 13th.

Petco Health and Wellness Trading Down 0.4%

Shares of NASDAQ:WOOF opened at $2.66 on Friday. Petco Health and Wellness has a 52-week low of $2.24 and a 52-week high of $4.51. The company has a market capitalization of $860.14 million, a P/E ratio of 133.07, a price-to-earnings-growth ratio of 3.10 and a beta of 1.54. The company has a 50-day simple moving average of $2.68 and a 200 day simple moving average of $2.75. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.29 and a current ratio of 0.85.

Insider Activity at Petco Health and Wellness

In other news, insider Holly May sold 200,000 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $2.54, for a total transaction of $508,000.00. Following the transaction, the insider owned 1,327,867 shares in the company, valued at approximately $3,372,782.18. This trade represents a 13.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 450,000 shares of company stock valued at $1,145,500 over the last 90 days. 6.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WOOF. JPMorgan Chase & Co. lifted its holdings in shares of Petco Health and Wellness by 280.4% during the third quarter. JPMorgan Chase & Co. now owns 832,412 shares of the company’s stock worth $3,221,000 after buying an additional 613,591 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Petco Health and Wellness in the first quarter valued at about $3,883,000. International Assets Investment Management LLC grew its stake in shares of Petco Health and Wellness by 63.9% in the first quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock valued at $35,000 after acquiring an additional 5,000 shares in the last quarter. R Squared Ltd bought a new position in Petco Health and Wellness during the first quarter worth about $36,000. Finally, HB Wealth Management LLC bought a new position in Petco Health and Wellness during the first quarter worth about $34,000.

About Petco Health and Wellness

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.