Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 205.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,485 shares of the company’s stock after acquiring an additional 91,110 shares during the quarter. International Assets Investment Management LLC’s holdings in Petco Health and Wellness were worth $428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. InTrack Investment Management Inc increased its stake in shares of Petco Health and Wellness by 2.4% during the 3rd quarter. InTrack Investment Management Inc now owns 157,770 shares of the company’s stock valued at $645,000 after acquiring an additional 3,670 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Petco Health and Wellness by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 382,413 shares of the company’s stock worth $1,564,000 after purchasing an additional 5,695 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of Petco Health and Wellness by 117.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 22,318 shares of the company’s stock worth $91,000 after purchasing an additional 12,076 shares during the period. Everhart Financial Group Inc. purchased a new stake in shares of Petco Health and Wellness during the 4th quarter worth about $41,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Petco Health and Wellness during the 4th quarter worth about $44,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WOOF. Robert W. Baird decreased their target price on Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Thursday, March 14th. Wells Fargo & Company decreased their target price on Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating for the company in a report on Monday, March 25th. Royal Bank of Canada decreased their target price on Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating for the company in a report on Friday, March 15th. Bank of America reiterated an “underperform” rating and set a $1.50 target price (down previously from $5.00) on shares of Petco Health and Wellness in a report on Tuesday, April 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.65.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $1.51 on Friday. The business’s 50 day moving average is $2.15 and its two-hundred day moving average is $2.81. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $10.76. The firm has a market cap of $464.13 million, a price-to-earnings ratio of -0.32 and a beta of 1.15. The company has a quick ratio of 0.24, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the company posted $0.17 EPS. Petco Health and Wellness’s quarterly revenue was up 6.1% on a year-over-year basis. Analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

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.