SG Americas Securities LLC acquired a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 414,427 shares of the company’s stock, valued at approximately $1.31 million.
A number of other hedge funds have also recently modified their holdings of the company’s stock. Advisor Group Holdings Inc. grew its stake in Petco Health and Wellness by 71.2% in the 1st quarter. Advisor Group Holdings Inc. bought an additional 14,371 shares in the last quarter so he now owns 34,560 shares of the company’s stock valued at $353,000. Raymond James Financial Services Advisors Inc. bought a new stake in Petco Health and Wellness in the 1st quarter valued at approximately $349,000. Bank of New York Mellon Corporation increased its holdings in shares of Petco Health & Wellness by 422.9% in the 1st quarter. Bank of New York Mellon Corporation now owns 1,451,917 shares of the company’s stock valued at $28,416,000 after purchasing an additional 1,174,228 shares in the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of Petco Health and Wellness in the 1st quarter valued at approximately $265,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of Petco Health and Wellness during the 1st quarter valued at approximately $25,000.
Petco Health & Wellness Trading Up 4.1%
NasdaqWoof stock opened Friday at $2.28. The company’s 50-day moving average price is $2.45 and its 200-day moving average price is $3.11. The company has a market capitalization of $698.32 million, a P/E ratio of -0.48 and a beta of 1.17. Petco Health and Wellness Company has a 52-week low of $1.87 and a 52-week high of $10.76. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.24, and a current ratio of 0.86.
Petco Health & Wellness (NASDAQ:WOOF – Get Free Report) last released its earnings results on Wednesday, March 13th. The company reported earnings per share (EPS) of $0.02 for the quarter, beating the consensus estimate of $0.02. Petco Health and Wellness’s net profit margin was 20.47% and its return on equity was 2.20%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. The company’s earnings per share for the same period last year was $0.17. The business’s revenue increased by 6.1% year-on-year. On average, equities research analysts expect that Petco Health and Wellness Company’s EPS for the current fiscal year will be -0.23.
Analyst upgrades and downgrades
WOOF has been the subject of many research reports. Royal Bank of Canada lowered their target price on shares of Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating on the stock in a research note on Friday, March 15th. did. Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of Petco Health & Wellness in a research note on Wednesday, March 13th. UBS Group lowered their target price on shares of Petco Health & Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th. Wells Fargo & Company lowered their target price on shares of Petco Health & Wellness from $3.00 to $2.00 and gave the stock an “equal weight” rating in a research note on Monday, March 25th. . Finally, Morgan Stanley lowered their target price on shares of Petco Health & Wellness from $5.00 to $3.00 and gave the stock an “equal weight” rating in a research note on Monday, December 4th. Nine analysts have rated the stock as a “hold” and five have rated it a “buy.” The company currently has an average rating of “Hold” and an average price target of $4.36, according to MarketBeat.com.
Get the latest research report on WOOF
About Petco Health and Wellness
(Free report)
Petco Health and Wellness Company, Inc operates as a health and wellness company focused on improving the lives of pets, pet parents, and Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care services through Vetco Mobile His Clinics, in addition to veterinary care, grooming, training, telemedicine, vital care and pet health insurance services.
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