PDT Partners LLC Acquires New Shares in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

PDT Partners LLC bought a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 190,133 shares of the company's stock, valued at approximately $865,000. PDT Partners LLC owned about 0.06% of Petco Health and Wellness at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in Petco Health and Wellness by 0.4% during the 2nd quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company's stock worth $4,047,000 after buying an additional 4,052 shares during the period. Norden Group LLC boosted its stake in Petco Health and Wellness by 31.7% in the 2nd quarter. Norden Group LLC now owns 17,860 shares of the company's stock worth $68,000 after purchasing an additional 4,301 shares during the period. HB Wealth Management LLC grew its position in Petco Health and Wellness by 21.6% during the 2nd quarter. HB Wealth Management LLC now owns 25,949 shares of the company's stock worth $98,000 after purchasing an additional 4,615 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Petco Health and Wellness by 12.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company's stock worth $104,000 after purchasing an additional 4,836 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Petco Health and Wellness in the second quarter valued at $44,000.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF traded up $0.26 on Tuesday, hitting $5.17. 6,813,831 shares of the company were exchanged, compared to its average volume of 4,472,008. The company's 50 day moving average price is $4.56 and its two-hundred day moving average price is $3.78. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -1.04 and a beta of 1.89. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $5.94.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS 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 quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) EPS. Research analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on WOOF. The Goldman Sachs Group dropped their price target 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 upped their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the company an "equal weight" rating in a report on Wednesday, September 11th. Royal Bank of Canada upped their price objective on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Wedbush lifted their target price on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the company an "outperform" rating in a research note on Friday, October 18th. Finally, Citigroup upped their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $3.49.

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.