Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) insider Justin Tichy sold 6,500 shares of the company’s stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $9.85, for a total transaction of $64,025.00. Following the sale, the insider now directly owns 341,254 shares of the company’s stock, valued at $3,361,351.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Petco Health and Wellness Stock Performance
Shares of WOOF stock traded up $0.28 on Monday, hitting $9.64. The company’s stock had a trading volume of 1,941,107 shares, compared to its average volume of 2,309,318. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.28 and a current ratio of 0.98. The stock’s 50 day moving average is $13.22 and its 200-day moving average is $15.59. Petco Health and Wellness Company, Inc. has a fifty-two week low of $9.14 and a fifty-two week high of $26.21. The company has a market capitalization of $2.20 billion, a PE ratio of 21.42, a PEG ratio of 1.90 and a beta of 0.89.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last announced its quarterly earnings data on Wednesday, August 24th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Petco Health and Wellness had a net margin of 2.03% and a return on equity of 7.96%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Equities research analysts expect that Petco Health and Wellness Company, Inc. will post 0.66 earnings per share for the current fiscal year.
Institutional Trading of Petco Health and Wellness
Several institutional investors have recently added to or reduced their stakes in WOOF. MetLife Investment Management LLC bought a new position in shares of Petco Health and Wellness during the 1st quarter worth approximately $25,000. Assetmark Inc. raised its stake in shares of Petco Health and Wellness by 144.8% during the 2nd quarter. Assetmark Inc. now owns 1,863 shares of the company’s stock worth $27,000 after purchasing an additional 1,102 shares during the period. Parallel Advisors LLC raised its stake in Petco Health and Wellness by 470.4% in the 2nd quarter. Parallel Advisors LLC now owns 3,850 shares of the company’s stock valued at $57,000 after acquiring an additional 3,175 shares during the period. First Horizon Advisors Inc. purchased a new position in Petco Health and Wellness during the 2nd quarter valued at about $70,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Petco Health and Wellness by 180.0% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 5,600 shares of the company’s stock valued at $110,000 after buying an additional 3,600 shares in the last quarter. 68.23% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently issued reports on WOOF. Wedbush dropped their target price on shares of Petco Health and Wellness from $25.00 to $18.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. Wells Fargo & Company decreased their price objective on shares of Petco Health and Wellness from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, September 26th. The Goldman Sachs Group decreased their price objective on shares of Petco Health and Wellness from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Morgan Stanley decreased their price objective on shares of Petco Health and Wellness from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, August 25th. Finally, StockNews.com began coverage on shares of Petco Health and Wellness in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Petco Health and Wellness presently has an average rating of “Moderate Buy” and a consensus target price of $20.50.
Petco Health and Wellness Company Profile
Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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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