Investors Purchase High Volume of Petco Health and Wellness Call Options (NASDAQ:WOOF)

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Get Free Report) saw unusually large options trading activity on Thursday. Stock investors purchased 11,818 call options on the stock. This is an increase of 306% compared to the average volume of 2,913 call options.

Petco Health and Wellness Price Performance

Shares of Petco Health and Wellness stock traded up $0.09 on Monday, hitting $3.05. The company's stock had a trading volume of 6,891,449 shares, compared to its average volume of 4,568,991. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $6.29. The company has a market capitalization of $956.02 million, a P/E ratio of -7.63 and a beta of 1.92. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The firm has a fifty day moving average price of $2.97 and a 200-day moving average price of $3.92.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada 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 note on Thursday. 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, January 21st. UBS Group cut their price objective on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research report on Thursday. The Goldman Sachs Group lifted 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, Wedbush cut their price target 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3.85.

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Institutional Investors Weigh In On Petco Health and Wellness

A number of large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of Petco Health and Wellness during the 4th quarter valued at $25,000. Scotia Capital Inc. purchased a new stake in shares of Petco Health and Wellness during the 4th quarter worth about $41,000. Point72 Asia Singapore Pte. Ltd. increased its position 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 worth $51,000 after purchasing an additional 8,056 shares in the last quarter. Blueprint Investment Partners LLC purchased a new position in Petco Health and Wellness in the fourth quarter valued at approximately $44,000. Finally, New York State Common Retirement Fund lifted its position in Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock valued at $44,000 after buying an additional 3,711 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.