Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Position Boosted by Millennium Management LLC

Millennium Management LLC increased its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 233.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,679,132 shares of the company's stock after buying an additional 1,876,233 shares during the quarter. Millennium Management LLC owned 0.86% of Petco Health and Wellness worth $10,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WOOF. Vanguard Group Inc. lifted its holdings in shares of Petco Health and Wellness by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company's stock valued at $20,994,000 after buying an additional 1,254,554 shares during the period. AQR Capital Management LLC boosted its holdings in Petco Health and Wellness by 82.1% in the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company's stock valued at $22,661,000 after purchasing an additional 2,953,667 shares during the period. Marshall Wace LLP boosted its holdings in Petco Health and Wellness by 47.3% in the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company's stock valued at $12,857,000 after purchasing an additional 1,092,204 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Petco Health and Wellness in the first quarter valued at $4,091,000. Finally, Renaissance Technologies LLC boosted its holdings in Petco Health and Wellness by 124.0% in the second quarter. Renaissance Technologies LLC now owns 1,128,038 shares of the company's stock valued at $4,264,000 after purchasing an additional 624,338 shares during the period.

Analyst Ratings Changes

WOOF has been the subject of a number of recent research reports. Citigroup lifted their target price 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. The Goldman Sachs Group cut 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 note on Thursday, September 12th. Royal Bank of Canada raised their price target on 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. Wells Fargo & Company lifted their target price 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. Finally, Wedbush reiterated an "outperform" rating and set a $5.00 target price on shares of Petco Health and Wellness in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $3.45.

Petco Health and Wellness Stock Performance

WOOF stock traded down $0.40 during trading on Wednesday, hitting $5.37. The company had a trading volume of 4,205,843 shares, compared to its average volume of 4,762,077. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $5.94. The firm has a 50-day moving average price of $3.61 and a 200-day moving average price of $3.05. The firm has a market cap of $1.67 billion, a PE ratio of -1.08 and a beta of 1.92. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 1.39.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company earned ($0.01) EPS. The firm's revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current 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.