Millennium Management LLC Grows Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Millennium Management LLC boosted its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 233.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,679,132 shares of the company’s stock after acquiring an additional 1,876,233 shares during the period. Millennium Management LLC owned 0.86% of Petco Health and Wellness worth $10,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Virtu Financial LLC grew its position in shares of Petco Health and Wellness by 120.7% during the fourth quarter. Virtu Financial LLC now owns 108,079 shares of the company’s stock valued at $342,000 after purchasing an additional 59,118 shares in the last quarter. Norden Group LLC purchased a new position in Petco Health and Wellness during the 1st quarter valued at approximately $309,000. HB Wealth Management LLC purchased a new position in Petco Health and Wellness during the 1st quarter valued at approximately $49,000. Capstone Investment Advisors LLC increased its stake in Petco Health and Wellness by 453.7% in the 1st quarter. Capstone Investment Advisors LLC now owns 637,621 shares of the company’s stock worth $1,454,000 after acquiring an additional 522,466 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Petco Health and Wellness during the 1st quarter worth approximately $75,000.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $5.77 on Wednesday. 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 stock’s fifty day moving average is $3.56 and its two-hundred day moving average is $3.03. Petco Health and Wellness Company, Inc. has a 52 week low of $1.41 and a 52 week high of $5.89. The company has a market capitalization of $1.79 billion, a PE ratio of -1.16 and a beta of 1.92.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS 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 firm 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 business posted ($0.01) earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a report on Wednesday, September 11th. The Goldman Sachs Group dropped their price objective 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. Royal Bank of Canada upped their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Citigroup lifted 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. Finally, Wells Fargo & Company boosted their price objective 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.