Creative Planning Sells 3,959 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Creative Planning decreased its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,200 shares of the company’s stock after selling 3,959 shares during the quarter. Creative Planning’s holdings in Petco Health and Wellness were worth $201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asset Management L.P. increased its position in shares of Petco Health and Wellness by 1,212.7% during the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock worth $6,863,000 after acquiring an additional 1,677,179 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 last quarter. Susquehanna Fundamental Investments LLC increased its holdings in Petco Health and Wellness by 50.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company’s stock worth $3,149,000 after buying an additional 280,644 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Petco Health and Wellness in the first quarter worth about $588,000. Finally, Wedmont Private Capital purchased a new position in Petco Health and Wellness in the second quarter valued at about $81,000.

Wall Street Analyst Weigh In

WOOF has been the subject of a number of analyst reports. The Goldman Sachs Group cut 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. 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. Royal Bank of Canada boosted their price objective 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. Wedbush increased their target price 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. Finally, Citigroup boosted their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating 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. According to MarketBeat, Petco Health and Wellness has a consensus rating of “Hold” and a consensus price target of $3.49.

Petco Health and Wellness Price Performance

Shares of WOOF stock opened at $4.52 on Tuesday. 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 has a market cap of $1.41 billion, a price-to-earnings ratio of -0.91 and a beta of 1.92. The business’s fifty day moving average is $4.48 and its 200 day moving average is $3.53. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $5.94.

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, hitting the consensus estimate of ($0.02). The company had revenue of $1.52 billion during 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%. Petco Health and Wellness’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. Research analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

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.