International Assets Investment Management LLC Buys 128,948 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

International Assets Investment Management LLC boosted its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 311.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 170,398 shares of the company's stock after buying an additional 128,948 shares during the period. International Assets Investment Management LLC owned approximately 0.05% of Petco Health and Wellness worth $775,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC acquired a new position in Petco Health and Wellness in the 2nd quarter worth $44,000. Choreo LLC bought a new position in Petco Health and Wellness in the second quarter valued at $45,000. Headlands Technologies LLC acquired a new stake in Petco Health and Wellness in the 1st quarter valued at $30,000. Frank Rimerman Advisors LLC bought a new stake in Petco Health and Wellness during the 2nd quarter worth about $50,000. Finally, Norden Group LLC acquired a new stake in shares of Petco Health and Wellness in the first quarter valued at about $31,000.

Petco Health and Wellness Stock Up 1.6 %

Petco Health and Wellness stock traded up $0.07 during mid-day trading on Wednesday, hitting $4.49. The company had a trading volume of 3,759,751 shares, compared to its average volume of 4,565,252. Petco Health and Wellness Company, Inc. has a 12 month low of $1.41 and a 12 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 stock's 50 day moving average price is $4.38 and its two-hundred day moving average price is $3.44. The company has a market capitalization of $1.40 billion, a PE ratio of -0.90 and a beta of 1.92.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. 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 firm posted ($0.01) EPS. As a group, sell-side analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WOOF. The Goldman Sachs Group dropped their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Thursday, September 12th. Royal Bank of Canada raised 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 research note on Wednesday, September 11th. Citigroup upped their price objective 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. Wells Fargo & Company lifted their price target on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 11th. Finally, Wedbush increased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Petco Health and Wellness has an average rating of "Hold" and an average 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.