Wealth Enhancement Advisory Services LLC Trims Stock Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 64.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,315 shares of the company’s stock after selling 20,261 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Petco Health and Wellness were worth $51,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Caprock Group LLC purchased a new position in Petco Health and Wellness during the 2nd quarter valued at $44,000. Choreo LLC bought a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at $45,000. Headlands Technologies LLC bought a new stake in shares of Petco Health and Wellness during the 1st quarter valued at $30,000. Frank Rimerman Advisors LLC bought a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at $50,000. Finally, nVerses Capital LLC bought a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at $52,000.

Analyst Ratings Changes

A number of analysts have recently commented on WOOF shares. The Goldman Sachs Group dropped 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 report on Thursday, September 12th. Citigroup upped their price target 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 upped their price target 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 upped their price target 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, Wedbush upped their price target on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a research note on Friday, October 18th. One investment 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 data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and an average price target of $3.49.

Petco Health and Wellness Price Performance

WOOF opened at $4.21 on Thursday. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $5.94. The stock has a market capitalization of $1.31 billion, a P/E ratio of -0.85 and a beta of 1.92. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The company’s 50-day simple moving average is $4.51 and its two-hundred day simple moving average is $3.55.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts predict 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.