Petco Health and Wellness Sees Unusually High Options Volume (NASDAQ:WOOF)

Posted by Defense World Staff on Apr 7th, 2023

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) saw unusually large options trading on Thursday. Traders bought 1,966 call options on the company. This is an increase of 74% compared to the average volume of 1,129 call options.

Insider Buying and Selling

In related news, CEO Ron Coughlin acquired 61,040 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The shares were bought at an average cost of $8.27 per share, with a total value of $504,800.80. Following the completion of the purchase, the chief executive officer now directly owns 618,317 shares in the company, valued at $5,113,481.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in shares of Petco Health and Wellness by 4.9% during the 2nd quarter. International Assets Investment Management LLC now owns 14,914 shares of the company’s stock valued at $220,000 after buying an additional 690 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Petco Health and Wellness by 4.0% during the 4th quarter. Arizona State Retirement System now owns 25,723 shares of the company’s stock valued at $244,000 after buying an additional 994 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Petco Health and Wellness during the 1st quarter valued at $25,000. Brinker Capital Investments LLC lifted its holdings in Petco Health and Wellness by 4.5% during the 1st quarter. Brinker Capital Investments LLC now owns 39,780 shares of the company’s stock worth $778,000 after purchasing an additional 1,711 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in Petco Health and Wellness by 16.4% during the 3rd quarter. Centaurus Financial Inc. now owns 13,300 shares of the company’s stock worth $148,000 after purchasing an additional 1,875 shares in the last quarter. Institutional investors own 62.27% of the company’s stock.

Petco Health and Wellness Stock Up 0.7 %

Shares of NASDAQ:WOOF opened at $8.59 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 10.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.99 and a quick ratio of 0.36. The business has a fifty day moving average price of $10.20 and a two-hundred day moving average price of $10.39. Petco Health and Wellness has a 1 year low of $7.59 and a 1 year high of $22.75.

Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last announced its quarterly earnings data on Wednesday, March 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. Petco Health and Wellness had a net margin of 1.50% and a return on equity of 6.57%. Analysts forecast that Petco Health and Wellness will post 0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered their target price on Petco Health and Wellness from $14.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, March 23rd. Bank of America lowered their target price on Petco Health and Wellness from $18.00 to $14.50 and set a “buy” rating on the stock in a research report on Wednesday, March 29th. Evercore ISI lowered their target price on Petco Health and Wellness from $12.00 to $10.00 and set an “in-line” rating on the stock in a research report on Thursday, March 23rd. Wells Fargo & Company lowered their target price on Petco Health and Wellness from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 15th. Finally, StockNews.com assumed coverage on Petco Health and Wellness in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.36.

Petco Health and Wellness Company Profile

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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.