Blueshift Asset Management LLC Buys New Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Blueshift Asset Management LLC acquired a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 148,450 shares of the company's stock, valued at approximately $675,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WOOF. Caprock Group LLC purchased a new stake in shares of Petco Health and Wellness in the 2nd quarter valued at approximately $44,000. Choreo LLC acquired a new stake in Petco Health and Wellness in the 2nd quarter valued at approximately $45,000. Frank Rimerman Advisors LLC purchased a new stake in Petco Health and Wellness in the second quarter valued at approximately $50,000. nVerses Capital LLC acquired a new position in Petco Health and Wellness during the second quarter worth $52,000. Finally, Pallas Capital Advisors LLC acquired a new position in Petco Health and Wellness during the second quarter worth $58,000.

Petco Health and Wellness Stock Up 8.0 %

NASDAQ:WOOF traded up $0.32 during trading hours on Thursday, hitting $4.30. The company's stock had a trading volume of 3,555,594 shares, compared to its average volume of 2,947,610. The stock has a market capitalization of $1.34 billion, a P/E ratio of -0.87 and a beta of 1.92. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The stock has a fifty day moving average of $4.57 and a 200-day moving average of $3.72. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $5.94.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, hitting 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%. The business's quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) EPS. On average, equities analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wedbush boosted their price objective on Petco Health and Wellness from $5.00 to $5.50 and gave the company an "outperform" rating in a report on Friday, October 18th. Wells Fargo & Company increased their price target on shares of 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 lifted 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 report on Thursday, September 12th. Royal Bank of Canada increased their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. Finally, The Goldman Sachs Group dropped their price target on shares of Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.