International Assets Investment Management LLC Has $428,000 Stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

International Assets Investment Management LLC increased its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 205.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 135,485 shares of the company’s stock after purchasing an additional 91,110 shares during the period. International Assets Investment Management LLC’s holdings in Petco Health and Wellness were worth $428,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new position in shares of Petco Health and Wellness during the 4th quarter valued at about $44,000. SG Americas Securities LLC acquired a new position in shares of Petco Health and Wellness during the 4th quarter valued at about $1,310,000. Everhart Financial Group Inc. acquired a new position in shares of Petco Health and Wellness during the 4th quarter valued at about $41,000. Grey Street Capital LLC acquired a new position in shares of Petco Health and Wellness during the 4th quarter valued at about $50,000. Finally, Vanguard Group Inc. increased its holdings in shares of Petco Health and Wellness by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 7,717,125 shares of the company’s stock valued at $31,563,000 after acquiring an additional 227,704 shares during the last quarter.

Petco Health and Wellness Price Performance

Shares of NASDAQ:WOOF opened at $1.51 on Friday. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $10.76. The firm has a market capitalization of $464.13 million, a PE ratio of -0.32 and a beta of 1.15. The business’s 50 day moving average is $2.15 and its 200-day moving average is $2.81. The company has a current ratio of 0.86, a quick ratio of 0.24 and a debt-to-equity ratio of 1.33.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. Petco Health and Wellness’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS. Sell-side analysts predict that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WOOF. Wells Fargo & Company lowered their target price on Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating on the stock in a report on Monday, March 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of Petco Health and Wellness in a report on Wednesday, March 13th. Robert W. Baird lowered their target price on Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Bank of America reaffirmed an “underperform” rating and issued a $1.50 target price (down previously from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Finally, UBS Group lowered their target price on Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.65.

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.