Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Purchased by Fmr LLC

Fmr LLC grew its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 170.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,521,516 shares of the company’s stock after purchasing an additional 959,960 shares during the period. Fmr LLC’s holdings in Petco Health and Wellness were worth $6,923,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WOOF. Caprock Group LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth about $44,000. Choreo LLC acquired a new stake in shares of Petco Health and Wellness during the second quarter worth approximately $45,000. Frank Rimerman Advisors LLC bought a new position in shares of Petco Health and Wellness during the second quarter worth about $50,000. nVerses Capital LLC bought a new position in Petco Health and Wellness during the second quarter worth $52,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Petco Health and Wellness in the 2nd quarter worth approximately $58,000.

Petco Health and Wellness Trading Down 6.9 %

Shares of WOOF stock opened at $4.57 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The company has a market cap of $1.43 billion, a PE ratio of -11.43 and a beta of 1.89. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The stock’s fifty day moving average price is $4.59 and its two-hundred day moving average price is $3.88.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). Petco Health and Wellness had a negative net margin of 1.77% and a negative return on equity of 5.40%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. Petco Health and Wellness’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WOOF shares. Wedbush lifted their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company boosted their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Citigroup raised their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Royal Bank of Canada upped their target price on Petco Health and Wellness from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.16.

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.