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 activity on Thursday. Stock traders acquired 11,818 call options on the company. This is an increase of 306% compared to the average daily volume of 2,913 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WOOF. Aster Capital Management DIFC Ltd bought a new stake in Petco Health and Wellness during the fourth quarter valued at $25,000. Scotia Capital Inc. purchased a new stake in shares of Petco Health and Wellness in the 4th quarter valued at about $41,000. New York State Common Retirement Fund boosted its position in shares of Petco Health and Wellness by 47.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after acquiring an additional 3,711 shares during the last quarter. Blueprint Investment Partners LLC purchased a new position in shares of Petco Health and Wellness during the fourth quarter worth about $44,000. Finally, Quantinno Capital Management LP bought a new position in shares of Petco Health and Wellness in the fourth quarter worth approximately $45,000.

Petco Health and Wellness Price Performance

Shares of NASDAQ:WOOF opened at $3.21 on Friday. The company has a 50 day moving average of $2.98 and a 200 day moving average of $3.91. 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 $1.01 billion, a P/E ratio of -8.03 and a beta of 1.92. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $6.29.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WOOF shares. Citigroup dropped their price objective 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. UBS Group dropped their price target on Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday. Wells Fargo & Company increased their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. The Goldman Sachs Group boosted their price objective on Petco Health and Wellness from $4.00 to $4.48 and gave the company a “buy” rating in a research note on Thursday. Finally, Wedbush cut 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. One equities research 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3.85.

About Petco Health and Wellness

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.