Rice Hall James & Associates LLC bought a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 466,043 shares of the company's stock, valued at approximately $2,120,000. Rice Hall James & Associates LLC owned about 0.15% of Petco Health and Wellness as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in shares of Petco Health and Wellness by 82.1% during the 2nd quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company's stock worth $22,661,000 after purchasing an additional 2,953,667 shares during the period. Millennium Management LLC raised its position in shares of Petco Health and Wellness by 233.7% in the 2nd quarter. Millennium Management LLC now owns 2,679,132 shares of the company's stock worth $10,127,000 after buying an additional 1,876,233 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Petco Health and Wellness in the 1st quarter worth $4,091,000. Point72 Asset Management L.P. raised its position in shares of Petco Health and Wellness by 1,212.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company's stock worth $6,863,000 after buying an additional 1,677,179 shares during the period. Finally, Vanguard Group Inc. raised its position 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 worth $20,994,000 after buying an additional 1,254,554 shares during the period.
Petco Health and Wellness Stock Performance
WOOF stock traded up $0.22 during midday trading on Friday, reaching $4.49. The company had a trading volume of 2,240,573 shares, compared to its average volume of 2,867,631. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average price of $4.32 and a 200 day moving average price of $3.39. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $5.94. The firm 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 issued its earnings results on Tuesday, September 10th. The company reported ($0.02) EPS 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 during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted ($0.01) earnings per share. Petco Health and Wellness's quarterly revenue was down .5% compared to the same quarter last year. Analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Royal Bank of Canada increased their target price 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. The Goldman Sachs Group cut their price objective on Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, September 12th. Citigroup raised their price objective on 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. Wedbush raised their price objective on Petco Health and Wellness from $5.00 to $5.50 and gave the company an "outperform" rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company raised their price objective 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 issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $3.49.
Check Out Our Latest Research Report on Petco Health and Wellness
About Petco Health and Wellness
(
Free Report)
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.
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