Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) saw some unusual options trading on Thursday. Traders bought 22,057 put options on the stock. This represents an increase of approximately 1,194% compared to the typical volume of 1,704 put options.
Institutional Investors Weigh In On Petco Health and Wellness
Several hedge funds and other institutional investors have recently modified their holdings of WOOF. InTrack Investment Management Inc boosted its stake in Petco Health and Wellness by 2.4% during the third quarter. InTrack Investment Management Inc now owns 157,770 shares of the company's stock worth $645,000 after buying an additional 3,670 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Petco Health and Wellness by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 382,413 shares of the company's stock worth $1,564,000 after buying an additional 5,695 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in Petco Health and Wellness by 117.9% during the third quarter. Orion Portfolio Solutions LLC now owns 22,318 shares of the company's stock worth $91,000 after buying an additional 12,076 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. Finally, FNY Investment Advisers LLC bought a new position in shares of Petco Health and Wellness during the fourth quarter valued at $44,000.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on WOOF shares. Wells Fargo & Company decreased 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 report on Monday, March 25th. Bank of America reaffirmed an "underperform" rating and issued a $1.50 target price (down from $5.00) on shares of Petco Health and Wellness in a research report on Tuesday, April 2nd. Robert W. Baird cut their target price on Petco Health and Wellness from $3.00 to $2.50 and set a "neutral" rating on the stock in a research report on Thursday, March 14th. Royal Bank of Canada cut their target price on Petco Health and Wellness from $3.50 to $2.70 and set an "outperform" rating on the stock in a research report on Friday, March 15th. Finally, UBS Group dropped their price target on Petco Health and Wellness from $3.00 to $2.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $3.65.
Get Our Latest Analysis on Petco Health and Wellness
Petco Health and Wellness Price Performance
WOOF stock traded down $0.05 during trading hours on Thursday, hitting $1.51. 8,040,680 shares of the stock traded hands, compared to its average volume of 4,023,661. Petco Health and Wellness has a one year low of $1.41 and a one year high of $10.76. The company has a market cap of $464.13 million, a P/E ratio of -0.30 and a beta of 1.15. The company has a current ratio of 0.86, a quick ratio of 0.24 and a debt-to-equity ratio of 1.33. The stock has a 50-day simple moving average of $2.18 and a 200 day simple moving average of $2.82.
Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $0.17 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts forecast that Petco Health and Wellness will post -0.23 earnings per share for the current year.
About Petco Health and Wellness
(
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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.
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