Petco Health and Wellness (NASDAQ:WOOF) Trading Up 10.8%

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) shares shot up 10.8% on Thursday . The stock traded as high as $3.69 and last traded at $3.68. 3,024,063 shares traded hands during trading, a decline of 39% from the average session volume of 4,925,414 shares. The stock had previously closed at $3.32.

Wall Street Analyst Weigh In

WOOF has been the topic of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $4.00 price target on shares of Petco Health and Wellness in a report on Wednesday, May 29th. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. Bank of America restated an “underperform” rating and set a $1.50 price target (down previously from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Evercore ISI decreased their price objective on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a report on Friday, March 15th. Finally, Citigroup cut their target price on shares of Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating for the company in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.09.

Petco Health and Wellness Price Performance

The firm has a market cap of $1.13 billion, a P/E ratio of -0.72 and a beta of 1.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21. The stock’s 50-day simple moving average is $3.09 and its two-hundred day simple moving average is $2.63.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. Equities research analysts forecast that Petco Health and Wellness Company, Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Cameron Breitner bought 750,000 shares of the stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average cost of $3.14 per share, with a total value of $2,355,000.00. Following the completion of the purchase, the director now owns 750,000 shares of the company’s stock, valued at $2,355,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Petco Health and Wellness

A number of institutional investors have recently modified their holdings of the stock. Everhart Financial Group Inc. bought a new position in Petco Health and Wellness in the fourth quarter worth approximately $41,000. Headlands Technologies LLC bought a new position in shares of Petco Health and Wellness during the 1st quarter worth $30,000. Norden Group LLC purchased a new position in shares of Petco Health and Wellness during the first quarter valued at $31,000. FNY Investment Advisers LLC bought a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $44,000. Finally, Grey Street Capital LLC bought a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $50,000.

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.