Traders Buy High Volume of Call Options on Petco Health and Wellness (NASDAQ:WOOF)

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) saw some unusual options trading activity on Thursday. Investors purchased 11,818 call options on the stock. This is an increase of approximately 306% compared to the typical volume of 2,913 call options.

Petco Health and Wellness Trading Down 7.8 %

NASDAQ WOOF opened at $2.96 on Friday. The firm’s 50 day moving average price is $2.97 and its two-hundred day moving average price is $3.91. The stock has a market cap of $927.81 million, a price-to-earnings ratio of -7.40 and a beta of 1.92. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $6.29. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84.

Analyst Ratings Changes

Several analysts have weighed in on WOOF shares. 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 research note on Tuesday, March 18th. Royal Bank of Canada reduced their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday. Wedbush decreased their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday. Morgan Stanley dropped their price target 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, January 21st. Finally, Robert W. Baird decreased their price objective on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.85.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Holocene Advisors LP grew its stake in Petco Health and Wellness by 8.7% during the 3rd quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock valued at $34,386,000 after acquiring an additional 602,602 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Petco Health and Wellness by 269.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock worth $12,354,000 after purchasing an additional 2,365,654 shares during the period. Point72 Asset Management L.P. grew its position in Petco Health and Wellness by 62.0% during the fourth quarter. Point72 Asset Management L.P. now owns 2,412,697 shares of the company’s stock valued at $9,192,000 after purchasing an additional 923,735 shares in the last quarter. Norges Bank purchased a new stake in Petco Health and Wellness in the 4th quarter worth approximately $8,864,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Petco Health and Wellness during the 4th quarter valued at $8,604,000.

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.