Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Acquired by Delap Wealth Advisory LLC

Delap Wealth Advisory LLC raised its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 215.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,852 shares of the company’s stock after buying an additional 46,329 shares during the period. Delap Wealth Advisory LLC’s holdings in Petco Health and Wellness were worth $256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in shares of Petco Health and Wellness in the 1st quarter valued at about $30,000. Norden Group LLC acquired a new position in shares of Petco Health and Wellness during the 1st quarter worth $31,000. Caprock Group LLC acquired a new position in Petco Health and Wellness during the second quarter worth about $44,000. Choreo LLC acquired a new stake in shares of Petco Health and Wellness in the 2nd quarter worth approximately $45,000. Finally, HB Wealth Management LLC purchased a new position in shares of Petco Health and Wellness in the first quarter valued at $49,000.

Petco Health and Wellness Stock Performance

WOOF stock opened at $4.58 on Friday. The stock’s 50 day simple moving average is $3.27 and its 200 day simple moving average is $2.83. Petco Health and Wellness Company, Inc. has a 12-month low of $1.41 and a 12-month high of $5.09. The firm has a market cap of $1.42 billion, a P/E ratio of -0.93 and a beta of 1.88. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WOOF. Wedbush reissued an “outperform” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. The Goldman Sachs Group dropped their price objective on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Royal Bank of Canada raised their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Citigroup raised their price objective on 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. Finally, Wells Fargo & Company boosted their target price on shares of 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. One equities research 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.com, the company presently has an average rating of “Hold” and an average price target of $3.45.

Petco Health and Wellness 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.