Petco Health and Wellness (NASDAQ:WOOF) Sees Large Volume Increase

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) saw an uptick in trading volume on Thursday . 10,708,949 shares changed hands during trading, an increase of 126% from the previous session’s volume of 4,746,193 shares.The stock last traded at $3.41 and had previously closed at $3.33.

Analyst Upgrades and Downgrades

WOOF has been the topic of a number of research reports. Bank of America reaffirmed an “underperform” rating and set a $1.50 target price (down from $5.00) on shares of Petco Health and Wellness in a research report on Tuesday, April 2nd. Wells Fargo & Company reduced their target price on Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating for the company in a research note on Monday, March 25th. Robert W. Baird reduced their target price on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Thursday, March 14th. Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. Finally, Wedbush reissued an “outperform” rating and set a $4.00 price target on shares of Petco Health and Wellness in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness has a consensus rating of “Hold” and a consensus price target of $3.09.

Petco Health and Wellness Trading Up 13.2 %

The company’s 50-day simple moving average is $2.82 and its 200-day simple moving average is $2.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Sell-side analysts predict that Petco Health and Wellness Company, Inc. will post -0.24 earnings per share for the current year.

Insider Activity at Petco Health and Wellness

In other Petco Health and Wellness news, Director Cameron Breitner acquired 750,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average price of $3.14 per share, with a total value of $2,355,000.00. Following the transaction, the director now owns 750,000 shares of the company’s stock, valued at $2,355,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Petco Health and Wellness by 12.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company’s stock worth $104,000 after buying an additional 4,836 shares in the last quarter. Everhart Financial Group Inc. bought a new position in shares of Petco Health and Wellness during the fourth quarter valued at $41,000. Headlands Technologies LLC acquired a new stake in shares of Petco Health and Wellness in the 1st quarter valued at $30,000. Norden Group LLC bought a new stake in shares of Petco Health and Wellness in the 1st quarter worth about $31,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Petco Health and Wellness in the 4th quarter worth about $44,000.

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.