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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) was the recipient of some unusual options trading on Thursday. Stock traders bought 11,818 call options on the stock. This represents an increase of 306% compared to the average daily volume of 2,913 call options.

Petco Health and Wellness Stock Performance

Petco Health and Wellness stock opened at $2.96 on Friday. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $6.29. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The stock has a market cap of $927.81 million, a P/E ratio of -7.40 and a beta of 1.92. The stock has a 50 day moving average of $2.97 and a 200-day moving average of $3.91.

Hedge Funds Weigh In On Petco Health and Wellness

Large investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Petco Health and Wellness during the fourth quarter worth $25,000. Scotia Capital Inc. acquired a new stake in Petco Health and Wellness during the fourth quarter worth about $41,000. New York State Common Retirement Fund lifted its holdings in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after acquiring an additional 3,711 shares during the last quarter. Blueprint Investment Partners LLC acquired a new position in Petco Health and Wellness in the fourth quarter valued at approximately $44,000. Finally, Quantinno Capital Management LP bought a new position in shares of Petco Health and Wellness during the fourth quarter valued at approximately $45,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating for the company in a report on Thursday. Royal Bank of Canada dropped their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday. Morgan Stanley reduced their target price on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group upped their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup decreased their target price on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $3.85.

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.