Wealth Enhancement Advisory Services LLC raised its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Free Report) by 286.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 39,038 shares of the company’s stock after buying an additional 28,927 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Petco Health and Wellness were worth $120,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Pallas Capital Advisors LLC bought a new position in Petco Health and Wellness in the 2nd quarter valued at about $81,000. Empowered Funds LLC boosted its stake in shares of Petco Health and Wellness by 21.3% in the 1st quarter. Empowered Funds LLC now owns 1,437,897 shares of the company’s stock valued at $4,386,000 after purchasing an additional 252,653 shares in the last quarter. Voleon Capital Management LP boosted its stake in shares of Petco Health and Wellness by 347.6% in the 1st quarter. Voleon Capital Management LP now owns 1,078,322 shares of the company’s stock valued at $3,289,000 after purchasing an additional 837,407 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Petco Health and Wellness by 60.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after purchasing an additional 1,367,299 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Petco Health and Wellness by 11.2% in the 1st quarter. Bridgeway Capital Management LLC now owns 2,510,897 shares of the company’s stock valued at $7,658,000 after purchasing an additional 252,653 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Guggenheim restated a “neutral” rating on shares of Petco Health and Wellness in a research note on Tuesday, September 2nd. Zacks Research upgraded shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. UBS Group boosted their target price on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $4.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness has a consensus rating of “Hold” and an average target price of $3.95.
Petco Health and Wellness Price Performance
WOOF stock opened at $3.51 on Monday. The company has a fifty day moving average price of $3.49 and a 200-day moving average price of $3.25. The company has a market capitalization of $1.12 billion, a P/E ratio of -35.10 and a beta of 1.73. Petco Health and Wellness Company, Inc. has a 52-week low of $2.28 and a 52-week high of $6.29. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.31 and a current ratio of 0.89.
Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.71%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) earnings per share. As a group, equities analysts expect that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current year.
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.
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