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

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) was the target of unusually large options trading on Friday. Traders purchased 11,766 put options on the company. This is an increase of approximately 309% compared to the typical daily volume of 2,879 put options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Trust Co boosted its position in Petco Health and Wellness by 57.2% in the fourth quarter. Diversified Trust Co now owns 25,486 shares of the company’s stock valued at $97,000 after buying an additional 9,272 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Petco Health and Wellness by 328.0% in the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock worth $8,014,000 after acquiring an additional 1,349,728 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Petco Health and Wellness in the third quarter worth $728,000. Franklin Resources Inc. lifted its position in Petco Health and Wellness by 362.3% during the third quarter. Franklin Resources Inc. now owns 64,850 shares of the company’s stock valued at $305,000 after purchasing an additional 50,821 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Petco Health and Wellness in the third quarter valued at $66,000.

Petco Health and Wellness Stock Down 0.4 %

Shares of WOOF stock traded down $0.02 during trading hours on Friday, reaching $3.85. 852,981 shares of the company’s stock were exchanged, compared to its average volume of 3,686,913. The stock has a market cap of $1.21 billion, a PE ratio of -9.61 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. The stock’s fifty day moving average price is $4.17 and its two-hundred day moving average price is $3.96. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year high of $6.29.

Analyst Ratings Changes

WOOF has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company lifted their price objective on shares of 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. Wedbush upped their target price on Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $4.16.

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.