Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Sold by Cwm LLC

Cwm LLC lowered its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 30.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 68,575 shares of the company’s stock after selling 30,610 shares during the period. Cwm LLC’s holdings in Petco Health and Wellness were worth $312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WOOF. SG Americas Securities LLC boosted its holdings in Petco Health and Wellness by 0.4% in the 2nd quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company’s stock valued at $4,047,000 after purchasing an additional 4,052 shares during the last quarter. Norden Group LLC increased its stake in Petco Health and Wellness by 31.7% during the second quarter. Norden Group LLC now owns 17,860 shares of the company’s stock worth $68,000 after acquiring an additional 4,301 shares during the last quarter. HB Wealth Management LLC boosted its stake in Petco Health and Wellness by 21.6% during the second quarter. HB Wealth Management LLC now owns 25,949 shares of the company’s stock worth $98,000 after buying an additional 4,615 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Petco Health and Wellness by 12.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company’s stock valued at $104,000 after acquiring an additional 4,836 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Petco Health and Wellness in the 2nd quarter valued at approximately $44,000.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $4.63 on Tuesday. The firm’s fifty day simple moving average is $4.00 and its 200-day simple moving average is $3.23. Petco Health and Wellness Company, Inc. has a 12 month low of $1.41 and a 12 month high of $5.94. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -0.93 and a beta of 1.92.

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

Wall Street Analysts Forecast Growth

WOOF has been the topic of a number of research reports. 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. 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 report on Wednesday, September 11th. Wedbush upped their price target on Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a report on Friday. Royal Bank of Canada boosted their target price on shares of 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. Finally, The Goldman Sachs Group decreased their price target 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.49.

About Petco Health and Wellness

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.