Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lessened its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 49.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 45,500 shares of the company’s stock after selling 45,400 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Petco Health and Wellness were worth $144,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. AQR Capital Management LLC boosted its position in shares of Petco Health and Wellness by 73.4% during the third quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company’s stock worth $21,084,000 after buying an additional 2,210,988 shares during the period. Hawk Ridge Capital Management LP purchased a new position in Petco Health and Wellness during the 3rd quarter valued at about $2,362,000. SG Americas Securities LLC acquired a new position in Petco Health and Wellness in the 4th quarter valued at about $1,310,000. FMR LLC increased its stake in Petco Health and Wellness by 216.2% during the third quarter. FMR LLC now owns 604,446 shares of the company’s stock worth $2,472,000 after purchasing an additional 413,295 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Petco Health and Wellness during the third quarter worth about $1,574,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. UBS Group dropped their price target on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. Royal Bank of Canada reduced their price objective on Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Wells Fargo & Company reduced their price target on Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Monday, March 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $3.07.

Petco Health and Wellness Price Performance

WOOF opened at $1.51 on Monday. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $10.76. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.24 and a current ratio of 0.86. The stock has a market capitalization of $464.13 million, a P/E ratio of -0.32 and a beta of 1.15. The business’s 50-day simple moving average is $2.13 and its 200-day simple moving average is $2.79.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 EPS 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%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. Analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current 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.