Holocene Advisors LP Has $34.39 Million Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Holocene Advisors LP increased its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,557,293 shares of the company's stock after buying an additional 602,602 shares during the quarter. Holocene Advisors LP owned 2.42% of Petco Health and Wellness worth $34,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Caprock Group LLC purchased a new position in Petco Health and Wellness in the second quarter valued at about $44,000. Choreo LLC purchased a new position in Petco Health and Wellness in the second quarter valued at about $45,000. Frank Rimerman Advisors LLC purchased a new position in Petco Health and Wellness in the second quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock valued at $51,000 after purchasing an additional 8,056 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Petco Health and Wellness in the second quarter valued at about $52,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WOOF shares. Wedbush upped their price target on Petco Health and Wellness from $5.00 to $5.50 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Royal Bank of Canada boosted their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their price objective on 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 upped their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the company a "neutral" rating in a report on Thursday, September 12th. Finally, The Goldman Sachs Group cut their price target on Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating for the company in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $3.49.

Petco Health and Wellness Price Performance

Shares of WOOF traded up $0.21 during mid-day trading on Tuesday, reaching $5.12. The company had a trading volume of 5,660,000 shares, compared to its average volume of 3,021,652. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $5.94. 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 company's 50-day moving average is $4.55 and its 200-day moving average is $3.77.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting analysts' consensus estimates 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 revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.01) EPS. On average, research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

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.