Gabelli Funds LLC Lowers Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Gabelli Funds LLC decreased its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 19.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,000 shares of the company’s stock after selling 14,000 shares during the period. Gabelli Funds LLC’s holdings in Petco Health and Wellness were worth $223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Petco Health and Wellness by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock valued at $20,994,000 after acquiring an additional 1,254,554 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at about $1,260,000. Norden Group LLC purchased a new stake in Petco Health and Wellness during the 1st quarter worth $309,000. Russell Investments Group Ltd. purchased a new position in Petco Health and Wellness in the 1st quarter worth approximately $588,000. Finally, Wedmont Private Capital acquired a new stake in Petco Health and Wellness during the 2nd quarter valued at $81,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Wedbush restated an “outperform” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. Wells Fargo & Company upped their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Citigroup upped their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, Royal Bank of Canada increased their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3.45.

Petco Health and Wellness Stock Performance

WOOF stock opened at $4.68 on Friday. The stock has a market capitalization of $1.46 billion, a PE ratio of -0.95 and a beta of 1.88. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. The company has a 50 day moving average price of $3.36 and a 200 day moving average price of $2.90. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $5.09.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. Petco Health and Wellness’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.01) EPS. Analysts forecast that Petco Health and Wellness Company, Inc. will post -0.24 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.