Analysts Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Price Target at $3.88

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $3.8850.

A number of equities analysts have recently commented on WOOF shares. Zacks Research lowered shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group lowered Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price target for the company. in a report on Monday, April 13th. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Citigroup reduced their price objective on 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. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Petco Health and Wellness in a report on Thursday, June 11th.

Insider Buying and Selling

In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of the business’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $2.54, for a total value of $508,000.00. Following the completion of the transaction, the insider directly owned 1,327,867 shares in the company, valued at approximately $3,372,782.18. The trade was a 13.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 450,000 shares of company stock valued at $1,145,500 over the last ninety days. Insiders own 6.50% of the company’s stock.

Institutional Trading of Petco Health and Wellness

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Petco Health and Wellness by 280.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 832,412 shares of the company’s stock valued at $3,221,000 after buying an additional 613,591 shares during the period. Hillsdale Investment Management Inc. purchased a new position in Petco Health and Wellness in the first quarter worth approximately $3,883,000. International Assets Investment Management LLC grew its position in 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 worth $35,000 after acquiring an additional 5,000 shares during the period. Rockefeller Capital Management L.P. increased its stake in Petco Health and Wellness by 14.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock worth $66,000 after acquiring an additional 2,988 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Petco Health and Wellness during the first quarter worth $36,000.

Petco Health and Wellness Price Performance

Shares of WOOF stock opened at $2.61 on Friday. The stock has a 50 day moving average price of $2.69 and a 200 day moving average price of $2.75. Petco Health and Wellness has a 52-week low of $2.24 and a 52-week high of $4.19. 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 firm has a market capitalization of $843.97 million, a P/E ratio of 130.57, a P/E/G ratio of 2.95 and a beta of 1.54.

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.