Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 30.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,079,122 shares of the company's stock after purchasing an additional 251,929 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.35% of Petco Health and Wellness worth $4,910,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of WOOF. AQR Capital Management LLC grew its position in 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 boosted its stake in shares of Petco Health and Wellness by 233.7% in the second 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 last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Petco Health and Wellness during the first quarter worth about $4,091,000. Point72 Asset Management L.P. raised its position in Petco Health and Wellness by 1,212.7% during the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company's stock valued at $6,863,000 after acquiring an additional 1,677,179 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Petco Health and Wellness by 15.8% in the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company's stock valued at $20,994,000 after acquiring an additional 1,254,554 shares during the period.
Petco Health and Wellness Price Performance
NASDAQ WOOF opened at $4.17 on Friday. The business has a fifty day moving average price of $4.60 and a 200 day moving average price of $3.67. 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 company has a market cap of $1.30 billion, a P/E ratio of -0.84 and a beta of 1.92. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $5.94.
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 net margin of 21.46% and a negative return on equity of 6.51%. The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the prior year, the business earned ($0.01) earnings per share. The company's quarterly revenue was down .5% compared to the same quarter last year. Research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on WOOF shares. 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 report on Thursday, September 12th. The Goldman Sachs Group decreased their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Thursday, September 12th. Royal Bank of Canada raised their target price on Petco Health and Wellness from $3.00 to $3.50 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Wells Fargo & Company upped their price target on 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, Wedbush boosted 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. 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 company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.49.
Get Our Latest Stock Analysis on Petco Health and Wellness
Petco Health and Wellness Company Profile
(
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.
Further Reading
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