Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 73.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,004 shares of the company’s stock after selling 63,505 shares during the quarter. GSA Capital Partners LLP’s holdings in Petco Health and Wellness were worth $105,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Petco Health and Wellness by 82.1% in the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock valued at $22,661,000 after buying an additional 2,953,667 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Petco Health and Wellness by 233.7% in the 2nd quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock valued at $10,127,000 after acquiring an additional 1,876,233 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Petco Health and Wellness in the 1st quarter valued at $4,091,000. Point72 Asset Management L.P. boosted its stake in Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock worth $6,863,000 after purchasing an additional 1,677,179 shares during the period. Finally, Vanguard Group Inc. grew its position in Petco Health and Wellness by 15.8% during the 1st 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 during the last quarter.

Petco Health and Wellness Stock Performance

Shares of WOOF stock opened at $4.23 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The stock has a market cap of $1.32 billion, a PE ratio of -0.85 and a beta of 1.92. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $5.94. The stock has a fifty day moving average price of $4.59 and a 200 day moving average price of $3.70.

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

Analysts Set New Price Targets

WOOF has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Citigroup lifted their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Royal Bank of Canada upped their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Wells Fargo & Company lifted their price objective on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Wedbush boosted their price objective on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.49.

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.