Petco Health and Wellness Sees Unusually Large Options Volume (NASDAQ:WOOF)

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) was the recipient of unusually large options trading activity on Friday. Traders acquired 11,766 put options on the stock. This represents an increase of 309% compared to the typical daily volume of 2,879 put options.

Analysts Set New Price Targets

WOOF has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $6.00 target price on shares of Petco Health and Wellness in a research note on Friday, December 20th. Wedbush increased their price target on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. StockNews.com upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Finally, Morgan Stanley cut their price target on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Petco Health and Wellness has an average rating of "Hold" and a consensus target price of $4.16.

Institutional Trading of Petco Health and Wellness

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC bought a new stake in shares of Petco Health and Wellness in the second quarter valued at approximately $50,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock valued at $51,000 after purchasing an additional 8,056 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Petco Health and Wellness in the 3rd quarter valued at $58,000. Sanctuary Advisors LLC acquired a new stake in Petco Health and Wellness in the 3rd quarter worth $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.

Petco Health and Wellness Stock Performance

WOOF traded down $0.01 during trading on Friday, hitting $3.85. The stock had a trading volume of 3,317,183 shares, compared to its average volume of 3,426,325. The firm has a market cap of $1.21 billion, a PE ratio of -9.63 and a beta of 1.90. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $6.29. The company has a 50 day simple moving average of $4.16 and a 200-day simple moving average of $3.97.

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.