Petco Health and Wellness Company Inc. (WOOF) Stock: Should Investors Follow These Insider Trades?

Petco Health and Wellness Company Inc. (NASDAQ:WOOF) saw a downside of -1.18% to close Monday at $21.82 after subtracting -$0.26 on the day. The 5-day average trading volume is 944,020 shares of the company’s common stock. It has gained $22.39 in the past week. An average of 1,313,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,758,406.

WOOF’s 1-month performance is 0.28% or $0.06 on its low of $20.95 reached on 10/01/21. The company’s shares have touched a 52-week low of $17.86 and high of $31.08. YTD, WOOF has lost -25.78%. However, the current price is down -29.79%% from the 52-week high price.

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Insider Transactions

On Jun 14, 120 days have gone by since the last insider trading activity for Petco Health and Wellness Company Inc. (WOOF). CANADA PENSION PLAN INVESTMENT (10% Owner) most recently sold 1,351,563 shares at $23.16 per share on Jun 14. This transaction cost the insider $31,302,199. 10% Owner, CVC Pet LP, sold 1,356,083 shares at a price of $23.16 on Jun 14. Then, on Jun 14, 10% Owner Scooby Aggregator, LP sold 3,300,000 shares at a price of $23.16 per share. This transaction amounted to $76,428,000.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 762.58 and a low of 66.20. WOOF stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.21 while the price-to-book (PB) in the most recent quarter is 2.65, with the price to cash flow ratio at 38.87.

Petco Health and Wellness Company Inc.’s quick ratio for the period ended July 30 was 0.30, with the current ratio over the same period at 0.90 meaning that WOOF stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.76, while the total debt to equity was 0.77. In terms of profitability, the gross margin trailing 12 months is 42.40%. The trailing 12-month EBITDA margin is 7.50% while for the period ending July 30; Petco Health and Wellness Company Inc.’s operating margin was 3.60%. The firm’s gross profit as reported stood at $2.11 billion against revenue of $4.92 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 55.17% to $1.43 billion, while revenue of $1.41 billion was 1.36% off the previous quarter. Analysts expected WOOF to announce $0.2 per share in earnings in its latest quarter, but it posted $0.25, representing a 25.00% surprise. EBITDA for the quarter stood at more than $115.91 million. WOOF stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 4.16 billion, with total debt at $3.0 billion. Shareholders hold equity totaling $302.07 million

Technical Picture

Let’s look briefly at Petco Health and Wellness Company Inc. (WOOF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 50.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.31%.

The stock’s 5-day moving average is $21.75, reflecting a +2.30% or $0.49 change from its current price. WOOF is currently trading -1.93% above its 20-day SMA, -15.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.77%.

Stochastic %K and %D was 64.98% and 52.94% and the average true range (ATR) pointed at 0.61. The RSI (14) points at 50.83%, while the 14-day stochastic is at 55.06% with the period’s ATR at 0.65. The stock’s 9-day MACD Oscillator is pointing at 0.37 and 0.17 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Petco Health and Wellness Company Inc. (NASDAQ: WOOF), Credit Suisse upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for WOOF stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate WOOF as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.

What is WOOF’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $15.00 and a high of $31.00, with their median price target at $28.00. Looking at these predictions, the average price target given by analysts is for Petco Health and Wellness Company Inc. (WOOF) stock is $26.09.


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