11,951 Shares in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Purchased by Choreo LLC

Choreo LLC bought a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,951 shares of the company’s stock, valued at approximately $45,000.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Petco Health and Wellness by 15.8% during 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 period. Jacobs Levy Equity Management Inc. purchased a new position in Petco Health and Wellness during the first quarter worth about $4,091,000. SG Americas Securities LLC lifted its position in Petco Health and Wellness by 0.4% during the second quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company’s stock worth $4,047,000 after buying an additional 4,052 shares during the period. ProShare Advisors LLC lifted its position in Petco Health and Wellness by 113.9% during the first quarter. ProShare Advisors LLC now owns 862,637 shares of the company’s stock worth $1,967,000 after buying an additional 459,257 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Petco Health and Wellness by 253.9% during the second quarter. Bank of New York Mellon Corp now owns 721,630 shares of the company’s stock worth $2,728,000 after buying an additional 517,738 shares during the period.

Petco Health and Wellness Price Performance

WOOF stock opened at $4.58 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year 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 stock has a 50-day simple moving average of $3.24 and a 200-day simple moving average of $2.82.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on WOOF. Royal Bank of Canada increased their target price on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Wedbush restated an “outperform” rating and set a $5.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. Wells Fargo & Company upped their price target on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group dropped their price target on 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. Finally, Citigroup upped their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.