Hsbc Holdings PLC Has $226,000 Holdings in Petco Health and Wellness Company, Inc. $WOOF

Hsbc Holdings PLC raised its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 30.0% in the 1st quarter, HoldingsChannel reports. The fund owned 74,237 shares of the company’s stock after buying an additional 17,148 shares during the quarter. Hsbc Holdings PLC’s holdings in Petco Health and Wellness were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WOOF. Cresset Asset Management LLC bought a new stake in shares of Petco Health and Wellness during the first quarter worth approximately $7,675,000. Dimensional Fund Advisors LP lifted its holdings in Petco Health and Wellness by 269.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock valued at $12,354,000 after buying an additional 2,365,654 shares during the period. Nuveen LLC acquired a new position in Petco Health and Wellness in the first quarter valued at approximately $6,341,000. Driehaus Capital Management LLC acquired a new position in Petco Health and Wellness in the fourth quarter valued at approximately $6,887,000. Finally, Nuveen Asset Management LLC lifted its holdings in Petco Health and Wellness by 513.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company’s stock valued at $8,009,000 after buying an additional 1,759,570 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WOOF shares. Morgan Stanley cut their price objective on shares of Petco Health and Wellness from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Friday, June 6th. Robert W. Baird lifted their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Guggenheim reissued a “neutral” rating on shares of Petco Health and Wellness in a research note on Tuesday. UBS Group lifted their price objective on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Finally, Jefferies Financial Group lifted their price objective on shares of Petco Health and Wellness from $4.05 to $4.15 and gave the stock a “hold” rating in a research note on Friday, August 29th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.95.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $3.67 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.31 and a current ratio of 0.89. Petco Health and Wellness Company, Inc. has a twelve month low of $2.28 and a twelve month high of $6.29. The firm’s 50 day moving average price is $3.27 and its two-hundred day moving average price is $3.07. The firm has a market cap of $1.16 billion, a P/E ratio of -36.70 and a beta of 1.74.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.71%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. On average, analysts forecast that Petco Health and Wellness Company, Inc. will post -0.22 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.