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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) was the target of unusually large options trading activity on Thursday. Traders bought 11,818 call options on the stock. This represents an increase of 306% compared to the typical daily volume of 2,913 call options.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WOOF shares. Wells Fargo & Company upped their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Citigroup cut their target price on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Royal Bank of Canada cut their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday. The Goldman Sachs Group boosted their target price on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the company a “buy” rating in a report on Thursday. Finally, Morgan Stanley lowered their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Petco Health and Wellness has an average rating of “Hold” and a consensus price target of $3.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. Dimensional Fund Advisors LP lifted its position in shares of Petco Health and Wellness by 269.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock worth $12,354,000 after buying an additional 2,365,654 shares in the last quarter. Norges Bank bought a new stake in Petco Health and Wellness during the fourth quarter worth $8,864,000. Bridgeway Capital Management LLC purchased a new position in Petco Health and Wellness in the fourth quarter worth $8,604,000. Driehaus Capital Management LLC bought a new position in Petco Health and Wellness in the 4th quarter valued at $6,887,000. Finally, Nuveen Asset Management LLC increased its position in shares of Petco Health and Wellness by 513.6% during the 4th quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company’s stock valued at $8,009,000 after purchasing an additional 1,759,570 shares during the last quarter.

Petco Health and Wellness Price Performance

WOOF opened at $3.21 on Friday. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -8.03 and a beta of 1.92. The firm’s fifty day moving average price is $2.98 and its two-hundred day moving average price is $3.91.

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.