International Assets Investment Management LLC Buys 128,948 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

International Assets Investment Management LLC raised its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 311.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,398 shares of the company’s stock after purchasing an additional 128,948 shares during the quarter. International Assets Investment Management LLC owned 0.05% of Petco Health and Wellness worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Petco Health and Wellness in the 1st quarter worth approximately $30,000. Norden Group LLC bought a new stake in shares of Petco Health and Wellness in the 1st quarter worth approximately $31,000. Caprock Group LLC bought a new stake in shares of Petco Health and Wellness in the 2nd quarter worth approximately $44,000. Choreo LLC bought a new stake in shares of Petco Health and Wellness in the 2nd quarter worth approximately $45,000. Finally, Delap Wealth Advisory LLC bought a new stake in shares of Petco Health and Wellness in the 1st quarter worth approximately $49,000.

Wall Street Analysts Forecast Growth

WOOF has been the subject of a number of recent research reports. Wedbush boosted their price objective on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a report on Friday, October 18th. Citigroup lifted their target price on shares of 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 target price on shares of 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 decreased 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. Finally, Royal Bank of Canada lifted 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3.49.

Petco Health and Wellness Stock Up 2.8 %

Shares of Petco Health and Wellness stock opened at $4.42 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The company’s fifty day simple moving average is $4.35 and its two-hundred day simple moving average is $3.42. The company has a market cap of $1.38 billion, a P/E ratio of -0.89 and a beta of 1.92. Petco Health and Wellness Company, Inc. has a 12-month low of $1.41 and a 12-month high of $5.94.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) EPS. Research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current year.

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.