Two Sigma Advisers LP Has $17.63 Million Stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Two Sigma Advisers LP decreased its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,873,600 shares of the company's stock after selling 224,300 shares during the period. Two Sigma Advisers LP owned approximately 1.24% of Petco Health and Wellness worth $17,625,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WOOF. Point72 Asset Management L.P. grew its stake in shares of Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company's stock worth $6,863,000 after acquiring an additional 1,677,179 shares in the last quarter. Vanguard Group Inc. increased its stake in 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 last quarter. Susquehanna Fundamental Investments LLC lifted its position in Petco Health and Wellness by 50.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company's stock worth $3,149,000 after buying an additional 280,644 shares in the last quarter. PDT Partners LLC acquired a new position in Petco Health and Wellness during the third quarter valued at approximately $865,000. Finally, Invenomic Capital Management LP bought a new position in Petco Health and Wellness in the third quarter valued at approximately $2,747,000.

Petco Health and Wellness Trading Down 11.1 %

Shares of WOOF stock traded down $0.58 on Monday, hitting $4.71. The company had a trading volume of 7,768,420 shares, compared to its average volume of 4,554,288. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $6.29. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The firm has a market cap of $1.47 billion, a P/E ratio of -11.76 and a beta of 1.89. The stock's 50-day moving average is $4.61 and its two-hundred day moving average is $3.85.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.02). Petco Health and Wellness had a negative net margin of 1.77% and a negative return on equity of 5.40%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company earned ($0.01) EPS. The company's revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WOOF shares. The Goldman Sachs Group dropped their target price on shares of 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. Royal Bank of Canada lifted their price target on Petco Health and Wellness from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Friday. Citigroup increased their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a "neutral" rating in a research report on Thursday, September 12th. Wells Fargo & Company increased their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Wedbush lifted their price objective on Petco Health and Wellness from $5.50 to $6.00 and gave the company an "outperform" rating in a report on Friday. One 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, Petco Health and Wellness currently has an average rating of "Hold" and an average price target of $4.16.

About Petco Health and Wellness

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.