Intech Investment Management LLC Makes New Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Intech Investment Management LLC purchased a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the third quarter, according to its most recent filing with the SEC. The firm purchased 31,636 shares of the company’s stock, valued at approximately $144,000.

A number of other large investors have also recently bought and sold shares of WOOF. Caprock Group LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth about $44,000. Choreo LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth about $45,000. Frank Rimerman Advisors LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth about $50,000. nVerses Capital LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth about $52,000. Finally, Pallas Capital Advisors LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter worth about $58,000.

Analyst Ratings Changes

Several brokerages have recently commented on WOOF. Morgan Stanley raised their target price on Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Friday. Royal Bank of Canada raised their target price on Petco Health and Wellness from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Friday. Wedbush raised their target price on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company raised their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, The Goldman Sachs Group reduced their target price on 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.16.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $5.29 on Friday. 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 stock has a 50 day moving average price of $4.61 and a two-hundred day moving average price of $3.84. The firm has a market capitalization of $1.65 billion, a P/E ratio of -13.23 and a beta of 1.89. Petco Health and Wellness Company, Inc. has a 52 week low of $1.41 and a 52 week high of $6.29.

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