11,642 Shares in Petco Health and Wellness Company, Inc. $WOOF Purchased by HB Wealth Management LLC

HB Wealth Management LLC bought a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,642 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also bought and sold shares of WOOF. Wealth Enhancement Advisory Services LLC raised its holdings in Petco Health and Wellness by 40.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock worth $60,000 after acquiring an additional 4,526 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Petco Health and Wellness in the 1st quarter valued at about $42,000. New York State Common Retirement Fund raised its holdings in shares of Petco Health and Wellness by 148.7% in the 1st quarter. New York State Common Retirement Fund now owns 28,618 shares of the company’s stock valued at $87,000 after purchasing an additional 17,110 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Petco Health and Wellness by 61.4% in the 1st quarter. Bleakley Financial Group LLC now owns 72,841 shares of the company’s stock valued at $222,000 after purchasing an additional 27,719 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in shares of Petco Health and Wellness in the 1st quarter valued at about $51,000.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF opened at $3.75 on Thursday. The company’s 50 day moving average price is $3.47 and its two-hundred day moving average price is $3.23. Petco Health and Wellness Company, Inc. has a 12-month low of $2.28 and a 12-month high of $6.29. The firm has a market cap of $1.19 billion, a PE ratio of -37.50 and a beta of 1.73. The company has a quick ratio of 0.31, a current ratio of 0.89 and a debt-to-equity ratio of 1.39.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.71%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business posted ($0.02) EPS. The business’s revenue was down 2.3% compared to the same quarter last year. Equities research analysts predict that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Jefferies Financial Group upped their target price on shares of Petco Health and Wellness from $4.05 to $4.15 and gave the company a “hold” rating in a report on Friday, August 29th. Guggenheim reaffirmed a “neutral” rating on shares of Petco Health and Wellness in a report on Tuesday, September 2nd. Finally, UBS Group upped their target price on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the company a “neutral” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.95.

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.