Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Stock Holdings Lifted by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC raised its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 50.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 833,153 shares of the company’s stock after purchasing an additional 280,644 shares during the period. Susquehanna Fundamental Investments LLC owned 0.27% of Petco Health and Wellness worth $3,149,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 buying an additional 1,254,554 shares during the last quarter. Norden Group LLC bought a new position in shares of Petco Health and Wellness during the 1st quarter valued at $309,000. Russell Investments Group Ltd. bought a new position in shares of Petco Health and Wellness during the 1st quarter valued at $588,000. Wedmont Private Capital acquired a new stake in shares of Petco Health and Wellness in the 2nd quarter valued at $81,000. Finally, CastleKnight Management LP bought a new stake in Petco Health and Wellness in the fourth quarter worth $1,367,000.

Petco Health and Wellness Trading Up 1.5 %

Shares of NASDAQ WOOF opened at $4.68 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 1.39. The firm’s 50-day moving average is $3.36 and its 200-day moving average is $2.90. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $5.09.

Petco Health and Wellness (NASDAQ:WOOF) last posted its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate 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 analyst estimates of $1.53 billion. During the same period last year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on WOOF. Citigroup boosted their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company upped 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. Royal Bank of Canada increased their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Wedbush restated an “outperform” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. Finally, The Goldman Sachs Group lowered their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.45.

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.