Dimensional Fund Advisors LP Sells 689,351 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Dimensional Fund Advisors LP trimmed its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 46.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 794,576 shares of the company's stock after selling 689,351 shares during the period. Dimensional Fund Advisors LP owned 0.26% of Petco Health and Wellness worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Virtu Financial LLC boosted its position in shares of Petco Health and Wellness by 120.7% during the 4th quarter. Virtu Financial LLC now owns 108,079 shares of the company's stock worth $342,000 after acquiring an additional 59,118 shares in the last quarter. Norden Group LLC bought a new stake in shares of Petco Health and Wellness during the first quarter worth $309,000. HB Wealth Management LLC acquired a new position in shares of Petco Health and Wellness during the first quarter worth $49,000. Capstone Investment Advisors LLC lifted its stake in shares of Petco Health and Wellness by 453.7% in the 1st quarter. Capstone Investment Advisors LLC now owns 637,621 shares of the company's stock valued at $1,454,000 after acquiring an additional 522,466 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Petco Health and Wellness during the 1st quarter worth $75,000.

Petco Health and Wellness Stock Up 1.2 %

Shares of NASDAQ WOOF traded up $0.06 during trading on Friday, hitting $5.14. 1,677,471 shares of the company traded hands, compared to its average volume of 4,737,476. 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 business's fifty day moving average is $3.69 and its 200 day moving average is $3.09. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -1.05 and a beta of 1.92. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week 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) earnings per share (EPS) for the quarter, hitting the consensus estimate 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 business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company earned ($0.01) earnings per share. The company's quarterly revenue was down .5% on a year-over-year basis. Equities research analysts predict that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WOOF shares. The Goldman Sachs Group reduced their price target on 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. Citigroup upped their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Royal Bank of Canada boosted their price objective 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. Wedbush reaffirmed 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. Finally, Wells Fargo & Company upped their price target on 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.45.

Petco Health and Wellness Company 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.