Concurrent Investment Advisors LLC Takes $31,000 Position in Petco Health and Wellness Company, Inc. $WOOF

Concurrent Investment Advisors LLC purchased a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 10,908 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC purchased a new position in Petco Health and Wellness in the 2nd quarter valued at about $665,000. Voleon Capital Management LP lifted its stake in shares of Petco Health and Wellness by 347.6% in the first quarter. Voleon Capital Management LP now owns 1,078,322 shares of the company’s stock worth $3,289,000 after acquiring an additional 837,407 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Petco Health and Wellness by 15.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,236,396 shares of the company’s stock valued at $3,771,000 after purchasing an additional 168,465 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Petco Health and Wellness during the 1st quarter valued at approximately $42,000. Finally, Ancora Advisors LLC purchased a new stake in Petco Health and Wellness during the 1st quarter worth approximately $1,187,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WOOF shares. Guggenheim reiterated a “neutral” rating on shares of Petco Health and Wellness in a research note on Tuesday, September 2nd. Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $4.00 target price on shares of Petco Health and Wellness in a research report on Wednesday, September 3rd. 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 research note on Friday, August 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.95.

Petco Health and Wellness Stock Performance

Shares of WOOF stock opened at $3.75 on Wednesday. The company has a market cap of $1.19 billion, a P/E ratio of -37.50 and a beta of 1.73. The business has a 50 day moving average of $3.56 and a two-hundred day moving average of $3.28. Petco Health and Wellness Company, Inc. has a 52 week low of $2.28 and a 52 week high of $6.29. 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 quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Petco Health and Wellness had a negative return on equity of 1.71% and a negative net margin of 0.47%.The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm earned ($0.02) EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current 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.