Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report)’s stock price traded up 4.4% on Monday . The stock traded as high as $2.98 and last traded at $2.9650. 179,188 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 2,106,423 shares. The stock had previously closed at $2.84.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on WOOF. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Citigroup decreased their price target on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Finally, Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Petco Health and Wellness currently has a consensus rating of “Hold” and an average price target of $3.88.
Read Our Latest Research Report on Petco Health and Wellness
Petco Health and Wellness Stock Performance
Insider Buying and Selling at Petco Health and Wellness
In related news, insider Holly May sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $2.54, for a total transaction of $508,000.00. Following the completion of the transaction, the insider directly owned 1,327,867 shares in the company, valued at approximately $3,372,782.18. The trade was a 13.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 450,000 shares of company stock worth $1,145,500. 6.50% of the stock is owned by insiders.
Institutional Investors Weigh In On Petco Health and Wellness
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in shares of Petco Health and Wellness by 12.8% in the second quarter. Sei Investments Co. now owns 26,055 shares of the company’s stock valued at $74,000 after acquiring an additional 2,951 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Petco Health and Wellness by 14.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock worth $66,000 after acquiring an additional 2,988 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of Petco Health and Wellness by 27.8% during the 2nd quarter. Bank of Nova Scotia now owns 15,208 shares of the company’s stock worth $43,000 after purchasing an additional 3,308 shares during the period. Creative Planning boosted its stake in shares of Petco Health and Wellness by 11.0% during the 3rd quarter. Creative Planning now owns 40,826 shares of the company’s stock worth $158,000 after purchasing an additional 4,047 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Petco Health and Wellness by 17.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,419 shares of the company’s stock worth $80,000 after purchasing an additional 4,258 shares during the period.
Petco Health and Wellness Company Profile
Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.
In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.
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