InTrack Investment Management Inc Reduces Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

InTrack Investment Management Inc lowered its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 65.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,700 shares of the company’s stock after selling 36,000 shares during the quarter. InTrack Investment Management Inc’s holdings in Petco Health and Wellness were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Everhart Financial Group Inc. bought a new position in shares of Petco Health and Wellness in the 4th quarter worth about $41,000. FNY Investment Advisers LLC bought a new position in shares of Petco Health and Wellness during the fourth quarter valued at approximately $44,000. Grey Street Capital LLC purchased a new position in shares of Petco Health and Wellness during the fourth quarter valued at approximately $50,000. AXQ Capital LP bought a new stake in shares of Petco Health and Wellness in the 3rd quarter worth approximately $75,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Petco Health and Wellness by 130.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,701 shares of the company’s stock worth $84,000 after buying an additional 15,111 shares during the last quarter.

Analyst Upgrades and Downgrades

WOOF has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Citigroup dropped their price target on shares of Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Evercore ISI reduced their price objective on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Friday, March 15th. Wedbush reiterated an “outperform” rating and issued a $4.00 target price on shares of Petco Health and Wellness in a research note on Wednesday, May 29th. Finally, Bank of America reiterated an “underperform” rating and set a $1.50 price target (down previously from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.09.

Petco Health and Wellness Stock Down 7.9 %

NASDAQ WOOF opened at $3.11 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $9.74. The business’s fifty day moving average price is $2.88 and its 200-day moving average price is $2.61.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Wednesday, May 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03. Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. As a group, research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current year.

Insider Buying and Selling at Petco Health and Wellness

In other Petco Health and Wellness news, Director Cameron Breitner acquired 750,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average price of $3.14 per share, with a total value of $2,355,000.00. Following the transaction, the director now directly owns 750,000 shares in the company, valued at approximately $2,355,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.40% of the stock is owned by corporate insiders.

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.