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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) insider Holly May sold 100,000 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $2.55, for a total value of $255,000.00. Following the completion of the sale, the insider owned 1,677,867 shares of the company’s stock, valued at $4,278,560.85. The trade was a 5.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $2.55, for a total value of $382,500.00.

Petco Health and Wellness Stock Down 1.5%

Shares of WOOF stock traded down $0.04 on Thursday, reaching $2.55. 1,701,250 shares of the company’s stock traded hands, compared to its average volume of 2,277,829. The company has a market capitalization of $824.57 million, a P/E ratio of 127.56, a price-to-earnings-growth ratio of 2.93 and a beta of 1.54. Petco Health and Wellness Company, Inc. has a 12-month low of $2.24 and a 12-month high of $4.51. 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 business’s 50 day moving average price is $2.71 and its two-hundred day moving average price is $2.77.

Institutional Investors Weigh In On Petco Health and Wellness

Several large investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in Petco Health and Wellness during the third quarter valued at approximately $34,000. National Bank of Canada FI acquired a new position in shares of Petco Health and Wellness during the 3rd quarter worth $35,000. Quarry LP bought a new position in shares of Petco Health and Wellness during the 3rd quarter valued at $38,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Petco Health and Wellness by 425.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock valued at $30,000 after purchasing an additional 8,519 shares in the last quarter. Finally, Abel Hall LLC acquired a new stake in shares of Petco Health and Wellness in the 4th quarter valued at $31,000.

Analyst Ratings Changes

Several research firms have weighed in on WOOF. Zacks Research cut Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. UBS Group raised their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Petco Health and Wellness in a research report on Thursday, June 11th. Jefferies Financial Group upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and upped their price objective for the company from $4.05 to $5.00 in a research note on Thursday, March 12th. Finally, The Goldman Sachs Group downgraded shares of Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 target price for the company. in a research report on Monday, April 13th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.88.

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.