Ariadne Wealth Management LP Purchases Shares of 21,412 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Ariadne Wealth Management LP purchased a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,412 shares of the company’s stock, valued at approximately $81,000.

Other hedge funds have also added to or reduced their stakes in the company. Caprock Group LLC acquired a new stake in Petco Health and Wellness during the 2nd quarter valued at $44,000. Choreo LLC bought a new position in Petco Health and Wellness during the 2nd quarter worth $45,000. Headlands Technologies LLC bought a new position in Petco Health and Wellness during the 1st quarter worth $30,000. Frank Rimerman Advisors LLC bought a new position in Petco Health and Wellness during the 2nd quarter worth $50,000. Finally, Norden Group LLC bought a new position in Petco Health and Wellness during the 1st quarter worth $31,000.

Analyst Ratings Changes

Several research firms have weighed in on WOOF. The Goldman Sachs Group lowered their price objective 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. Wells Fargo & Company increased their price objective 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 increased their price objective on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Royal Bank of Canada increased their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, Wedbush restated an “outperform” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Petco Health and Wellness currently has a consensus rating of “Hold” and a consensus target price of $3.45.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $4.47 on Wednesday. The stock’s 50-day simple moving average is $3.41 and its 200 day simple moving average is $2.94. The firm has a market capitalization of $1.39 billion, a PE ratio of -0.91 and a beta of 1.88. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 1.39. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $5.09.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. Petco Health and Wellness’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share. On average, analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

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.