Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report) was the target of unusually large options trading activity on Friday. Traders acquired 11,766 put options on the company. This represents an increase of 309% compared to the typical volume of 2,879 put options.
Hedge Funds Weigh In On Petco Health and Wellness
Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after buying an additional 8,056 shares during the period. Quadrature Capital Ltd purchased a new stake in Petco Health and Wellness in the third quarter worth $58,000. Frank Rimerman Advisors LLC bought a new stake in shares of Petco Health and Wellness during the second quarter worth $50,000. Sanctuary Advisors LLC purchased a new stake in shares of Petco Health and Wellness during the third quarter valued at $66,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Petco Health and Wellness in the second quarter worth about $78,000.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Wedbush increased their price target on Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. Morgan Stanley reduced their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.16.
Petco Health and Wellness Price Performance
Shares of NASDAQ WOOF traded down $0.02 during mid-day trading on Friday, hitting $3.85. 852,981 shares of the company’s stock traded hands, compared to its average volume of 3,686,913. The company has a market capitalization of $1.21 billion, a P/E ratio of -9.61 and a beta of 1.90. 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’s 50-day moving average is $4.17 and its two-hundred day moving average is $3.96.
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.
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