Capstone Investment Advisors LLC Purchases Shares of 115,155 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Capstone Investment Advisors LLC acquired a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOFFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 115,155 shares of the company’s stock, valued at approximately $364,000.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Petco Health and Wellness by 73.4% during the third quarter. AQR Capital Management LLC now owns 5,225,206 shares of the company’s stock valued at $21,084,000 after buying an additional 2,210,988 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Petco Health and Wellness in the 3rd quarter valued at $1,574,000. Vanguard Group Inc. raised its position in Petco Health and Wellness by 3.0% in the third quarter. Vanguard Group Inc. now owns 7,717,125 shares of the company’s stock valued at $31,563,000 after purchasing an additional 227,704 shares during the period. Graham Capital Management L.P. acquired a new position in shares of Petco Health and Wellness during the third quarter worth about $436,000. Finally, FMR LLC boosted its position in shares of Petco Health and Wellness by 216.2% in the third quarter. FMR LLC now owns 604,446 shares of the company’s stock worth $2,472,000 after buying an additional 413,295 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $5.00 price target on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. Robert W. Baird decreased their target price on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Wells Fargo & Company lowered their price target on shares of 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 boosted their price objective on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Finally, Evercore ISI lowered their target price on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.09.

Read Our Latest Stock Report on Petco Health and Wellness

Petco Health and Wellness Stock Performance

WOOF stock opened at $3.86 on Friday. The firm has a fifty day moving average price of $2.11 and a two-hundred day moving average price of $2.61. The company has a current ratio of 0.85, a quick ratio of 0.21 and a debt-to-equity ratio of 1.35. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $9.74.

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Cameron Breitner acquired 750,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of $3.14 per share, for a total transaction of $2,355,000.00. Following the purchase, the director now directly owns 750,000 shares in the company, valued at $2,355,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

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.

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Institutional Ownership by Quarter for Petco Health and Wellness (NASDAQ:WOOF)

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