Petco Health and Wellness Target of Unusually Large Options Trading (NASDAQ:WOOF)

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Traders acquired 17,597 call options on the company. This is an increase of approximately 580% compared to the typical volume of 2,589 call options.

Insider Buying and Selling

In other Petco Health and Wellness news, CEO Joel D. Anderson purchased 849,541 shares of the firm's stock in a transaction on Monday, March 31st. The stock was bought at an average price of $3.03 per share, with a total value of $2,574,109.23. Following the transaction, the chief executive officer now directly owns 853,304 shares of the company's stock, valued at approximately $2,585,511.12. This represents a 22,576.16% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new position in Petco Health and Wellness in the fourth quarter valued at $25,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Petco Health and Wellness in the first quarter valued at about $31,000. R Squared Ltd boosted its holdings in shares of Petco Health and Wellness by 152.7% in the first quarter. R Squared Ltd now owns 10,670 shares of the company's stock valued at $33,000 after acquiring an additional 6,447 shares in the last quarter. Scotia Capital Inc. purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $41,000. Finally, Blueprint Investment Partners LLC purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $44,000.

Petco Health and Wellness Stock Down 23.2%

NASDAQ:WOOF traded down $0.84 during midday trading on Friday, hitting $2.78. 24,405,136 shares of the company were exchanged, compared to its average volume of 4,399,919. The company has a fifty day simple moving average of $3.26 and a 200 day simple moving average of $3.45. Petco Health and Wellness has a fifty-two week low of $2.23 and a fifty-two week high of $6.29. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $876.05 million, a PE ratio of -6.95 and a beta of 1.82.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Petco Health and Wellness had a negative net margin of 1.77% and a negative return on equity of 5.40%. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. As a group, equities analysts anticipate that Petco Health and Wellness will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wedbush reduced their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Morgan Stanley reduced their price objective on shares of Petco Health and Wellness from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Friday. Citigroup reduced their price objective on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. The Goldman Sachs Group raised their price objective on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, Royal Bank of Canada reduced their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $3.75.

About Petco Health and Wellness

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.