Petco Health and Wellness Target of Unusually Large Options Trading (NASDAQ:WOOF)

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) saw some unusual options trading on Wednesday. Traders bought 12,838 call options on the company. This represents an increase of approximately 412% compared to the average volume of 2,505 call options.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WOOF. Robert W. Baird increased their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $4.00 target price on shares of Petco Health and Wellness in a research note on Wednesday, September 3rd. Jefferies Financial Group boosted their price target on shares of Petco Health and Wellness from $4.05 to $4.15 and gave the company a “hold” rating in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Tuesday, October 14th. Finally, Evercore ISI increased their target price on Petco Health and Wellness from $3.00 to $4.00 and gave the stock an “in-line” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus price target of $3.96.

Petco Health and Wellness Stock Up 19.0%

Shares of WOOF traded up $0.57 during midday trading on Wednesday, hitting $3.54. The company had a trading volume of 11,471,977 shares, compared to its average volume of 3,947,052. Petco Health and Wellness has a 1 year low of $2.28 and a 1 year high of $6.29. The firm has a market capitalization of $1.12 billion, a P/E ratio of -35.35 and a beta of 1.71. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.31 and a current ratio of 0.89. The company’s 50-day simple moving average is $3.39 and its 200-day simple moving average is $3.29.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.71%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) EPS. Petco Health and Wellness has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Petco Health and Wellness will post -0.22 EPS for the current year.

Institutional Trading of Petco Health and Wellness

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Petco Health and Wellness by 8.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,311,806 shares of the company’s stock valued at $36,032,000 after acquiring an additional 717,485 shares during the last quarter. Vanguard Group Inc. lifted its stake in Petco Health and Wellness by 8.5% during the first quarter. Vanguard Group Inc. now owns 8,691,631 shares of the company’s stock worth $26,509,000 after purchasing an additional 682,099 shares during the last quarter. Holocene Advisors LP lifted its stake in Petco Health and Wellness by 42.0% during the third quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock worth $23,575,000 after purchasing an additional 1,800,583 shares during the last quarter. Long Focus Capital Management LLC acquired a new position in Petco Health and Wellness in the first quarter valued at approximately $12,923,000. Finally, Goldman Sachs Group Inc. raised its holdings in Petco Health and Wellness by 60.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock worth $11,095,000 after purchasing an additional 1,367,299 shares in the last quarter.

Petco Health and Wellness Company Profile

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.