Stock Traders Buy Large Volume of Petco Health and Wellness Put Options (NASDAQ:WOOF)

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) was the target of some unusual options trading on Thursday. Stock traders acquired 22,057 put options on the stock. This is an increase of 1,194% compared to the average volume of 1,704 put options.

Analysts Set New Price Targets

WOOF has been the subject of a number of research reports. Bank of America reissued an “underperform” rating and issued a $1.50 target price (down previously from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating for the company in a research note on Friday, March 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a report on Wednesday, March 13th. Wells Fargo & Company cut their price target on 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. Finally, Robert W. Baird cut their target price on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $3.65.

Petco Health and Wellness Stock Down 3.2 %

Petco Health and Wellness stock opened at $1.51 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $464.13 million, a PE ratio of -0.32 and a beta of 1.15. The firm’s fifty day moving average is $2.15 and its 200 day moving average is $2.81. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $10.76.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the business posted $0.17 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Petco Health and Wellness will post -0.23 EPS for the current fiscal year.

Institutional Trading of Petco Health and Wellness

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp raised its holdings in shares of Petco Health and Wellness by 0.6% in the 3rd quarter. Mackenzie Financial Corp now owns 8,222,738 shares of the company’s stock worth $30,917,000 after acquiring an additional 46,870 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Petco Health and Wellness by 3.0% during the third quarter. Vanguard Group Inc. now owns 7,717,125 shares of the company’s stock valued at $31,563,000 after buying an additional 227,704 shares during the last quarter. AQR Capital Management LLC grew its holdings in Petco Health and Wellness by 73.4% during the third quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company’s stock worth $21,084,000 after buying an additional 2,210,988 shares in the last quarter. Great Lakes Advisors LLC raised its position in Petco Health and Wellness by 8.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 662,267 shares of the company’s stock valued at $2,709,000 after buying an additional 51,641 shares during the last quarter. Finally, FMR LLC boosted its holdings in Petco Health and Wellness by 216.2% during the 3rd quarter. FMR LLC now owns 604,446 shares of the company’s stock worth $2,472,000 after acquiring an additional 413,295 shares during the last quarter.

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.