Hsbc Holdings PLC Acquires 164,406 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Hsbc Holdings PLC increased its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOFFree Report) by 51.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 481,172 shares of the company’s stock after purchasing an additional 164,406 shares during the quarter. Hsbc Holdings PLC owned 0.16% of Petco Health and Wellness worth $1,539,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of WOOF. Everhart Financial Group Inc. bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at $41,000. FNY Investment Advisers LLC acquired a new stake in Petco Health and Wellness during the 4th quarter valued at $44,000. Grey Street Capital LLC acquired a new stake in Petco Health and Wellness during the 4th quarter valued at $50,000. AXQ Capital LP acquired a new stake in Petco Health and Wellness during the 3rd quarter valued at $75,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Petco Health and Wellness by 130.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,701 shares of the company’s stock valued at $84,000 after purchasing an additional 15,111 shares during the last quarter.

Insider Buying and Selling at Petco Health and Wellness

In other Petco Health and Wellness news, Director Cameron Breitner bought 750,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $3.14 per share, for a total transaction of $2,355,000.00. Following the completion of the transaction, the director now directly owns 750,000 shares in the company, valued at approximately $2,355,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

Petco Health and Wellness Stock Down 4.5 %

WOOF stock opened at $3.65 on Friday. The company has a market cap of $1.12 billion, a PE ratio of -0.74 and a beta of 1.91. The business has a 50-day simple moving average of $2.30 and a 200 day simple moving average of $2.61. Petco Health and Wellness Company, Inc. has a 52 week low of $1.41 and a 52 week high of $9.74. The company has a quick ratio of 0.21, a current ratio of 0.85 and a debt-to-equity ratio of 1.35.

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Petco Health and Wellness’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised their price target on Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a report on Friday, May 24th. UBS Group raised their price target on Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a report on Thursday, May 23rd. Evercore ISI cut their price target on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a report on Friday, March 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target on shares of Petco Health and Wellness in a report on Thursday, May 23rd. Finally, Citigroup dropped their target price on Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating for the company in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3.09.

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About Petco Health and Wellness

(Free Report)

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.

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Institutional Ownership by Quarter for Petco Health and Wellness (NASDAQ:WOOF)

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