Petco Health and Wellness (NASDAQ:WOOF) Shares Down 4.3% – Should You Sell?

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) traded down 4.3% during mid-day trading on Tuesday . The company traded as low as $2.77 and last traded at $2.7550. Approximately 666,938 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 2,109,277 shares. The stock had previously closed at $2.88.

Analysts Set New Price Targets

Several brokerages have recently commented on WOOF. Zacks Research lowered Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. Finally, Citigroup reduced 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 report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.88.

Petco Health and Wellness Stock Down 3.6%

The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.29 and a current ratio of 0.85. The firm has a market capitalization of $897.31 million, a PE ratio of 138.82, a PEG ratio of 3.29 and a beta of 1.54. The company has a fifty day moving average price of $2.70 and a 200-day moving average price of $2.73.

Insider Transactions at Petco Health and Wellness

In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $2.54, for a total transaction of $508,000.00. Following the completion of the transaction, the insider owned 1,327,867 shares in the company, valued at $3,372,782.18. This trade represents a 13.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 450,000 shares of company stock worth $1,145,500 over the last quarter. 6.50% of the stock is owned by corporate insiders.

Institutional Trading of Petco Health and Wellness

Several hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Petco Health and Wellness by 425.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock valued at $30,000 after acquiring an additional 8,519 shares during the last quarter. Abel Hall LLC bought a new stake in Petco Health and Wellness during the fourth quarter worth approximately $31,000. Cibc World Market Inc. bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at approximately $32,000. HB Wealth Management LLC bought a new stake in shares of Petco Health and Wellness in the 1st quarter valued at approximately $34,000. Finally, Quantbot Technologies LP purchased a new position in shares of Petco Health and Wellness in the 3rd quarter worth approximately $34,000.

About Petco Health and Wellness

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.