Summit Trail Advisors LLC Takes Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Summit Trail Advisors LLC bought a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 754,748 shares of the company’s stock, valued at approximately $2,853,000. Summit Trail Advisors LLC owned approximately 0.24% of Petco Health and Wellness as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new position in shares of Petco Health and Wellness in the 1st quarter worth approximately $4,091,000. Vanguard Group Inc. boosted its stake in Petco Health and Wellness by 15.8% in the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock worth $20,994,000 after purchasing an additional 1,254,554 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Petco Health and Wellness by 157.3% during the first quarter. SG Americas Securities LLC now owns 1,066,507 shares of the company’s stock worth $2,432,000 after purchasing an additional 652,080 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Petco Health and Wellness by 124.0% in the second quarter. Renaissance Technologies LLC now owns 1,128,038 shares of the company’s stock valued at $4,264,000 after buying an additional 624,338 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Petco Health and Wellness during the 1st quarter worth about $1,260,000.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $4.58 on Friday. Petco Health and Wellness Company, Inc. has a 12 month low of $1.41 and a 12 month high of $5.09. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $1.42 billion, a PE ratio of -0.93 and a beta of 1.88. The stock’s fifty day simple moving average is $3.24 and its 200 day simple moving average is $2.82.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. Petco Health and Wellness’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, research analysts predict that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wedbush restated an “outperform” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a research report on Wednesday, September 11th. Royal Bank of Canada upped their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Wells Fargo & Company boosted their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. The Goldman Sachs Group decreased their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Citigroup upped their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $3.45.

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.