Bleakley Financial Group LLC Reduces Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Bleakley Financial Group LLC lessened its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 92.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,462 shares of the company's stock after selling 513,967 shares during the period. Bleakley Financial Group LLC's holdings in Petco Health and Wellness were worth $180,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of Petco Health and Wellness in the first quarter valued at about $30,000. Norden Group LLC purchased a new position in Petco Health and Wellness during the 1st quarter valued at about $31,000. Caprock Group LLC bought a new position in Petco Health and Wellness during the 2nd quarter valued at approximately $44,000. Choreo LLC purchased a new stake in Petco Health and Wellness in the 2nd quarter worth approximately $45,000. Finally, Delap Wealth Advisory LLC bought a new stake in shares of Petco Health and Wellness in the 1st quarter worth approximately $49,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WOOF. Wedbush raised 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. Citigroup lifted their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Royal Bank of Canada increased their price target 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. Wells Fargo & Company raised their price objective on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 11th. Finally, The Goldman Sachs Group reduced their target price 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. One 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.com, the company has an average rating of "Hold" and an average target price of $3.49.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF traded up $0.06 during midday trading on Friday, reaching $4.46. 2,163,919 shares of the company's stock traded hands, compared to its average volume of 4,636,415. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $5.94. The stock has a 50 day moving average of $4.12 and a 200 day moving average of $3.27. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -0.90 and a beta of 1.92. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting analysts' consensus estimates of ($0.02). Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business posted ($0.01) earnings per share. The business's revenue for the quarter was down .5% on a year-over-year basis. As a group, equities 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.