Petco Health and Wellness (NASDAQ:WOOF) Trading 5.7% Higher

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) shares traded up 5.7% on Friday . The stock traded as high as $3.38 and last traded at $3.35. 753,651 shares were traded during trading, a decline of 85% from the average session volume of 4,945,379 shares. The stock had previously closed at $3.17.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WOOF shares. Wedbush reiterated an “outperform” rating and issued a $4.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, May 29th. Robert W. Baird reduced their price objective on Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Wells Fargo & Company lowered their target price on shares of Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Monday, March 25th. Citigroup reduced 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 research report on Tuesday, May 7th. Finally, Bank of America restated an “underperform” rating and set a $1.50 price target (down from $5.00) on shares of Petco Health and Wellness in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness has an average rating of “Hold” and an average price target of $3.09.

Petco Health and Wellness Trading Up 4.7 %

The stock has a market cap of $1.03 billion, a PE ratio of -0.69 and a beta of 1.89. The company’s 50-day moving average price is $2.95 and its 200 day moving average price is $2.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.21 and a current ratio of 0.85.

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

Insider Activity

In related news, Director Cameron Breitner acquired 750,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average price of $3.14 per share, with a total value of $2,355,000.00. Following the transaction, the director now owns 750,000 shares of the company’s stock, valued at approximately $2,355,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Petco Health and Wellness

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its stake in shares of Petco Health and Wellness by 216.2% in the third quarter. FMR LLC now owns 604,446 shares of the company’s stock worth $2,472,000 after acquiring an additional 413,295 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Petco Health and Wellness in the 3rd quarter valued at $486,000. Teza Capital Management LLC purchased a new position in Petco Health and Wellness during the 3rd quarter worth approximately $114,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Petco Health and Wellness in the third quarter valued at approximately $1,574,000. Finally, AXQ Capital LP purchased a new position in shares of Petco Health and Wellness during the third quarter worth approximately $75,000.

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.