Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report) Director, Cameron Breitner, bought 750,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were purchased at an average price of $3.14 per share, for a total value of $2,355,000.00. Following the purchase, the director now owns 750,000 shares of the company’s stock, valued at $2,355,000. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Petco Health & Wellness Stock Performance
WOOF’s shares opened trading at $3.93 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.85 and a debt-to-equity ratio of 1.35. Petco Health and Wellness Company, Inc.’s 52-week low is $1.41 and its 52-week high is $9.74. The company has a market cap of $1.21 billion, a P/E ratio of -0.80 and a beta of 1.27. The company’s 50-day moving average is $2.08 and 200-day moving average is $2.61.
Petco Health and Wellness (NASDAQ:WOOF – get free report ) released its quarterly earnings report on Wednesday, March 13th. The company reported EPS of $0.02 for the quarter, matching the consensus estimate of $0.02. Petco Health and Wellness had a net margin of minus 21.27% and a return on equity of minus 4.22%. The company had revenue of $1.67 billion for the quarter, compared to analyst expectations of $1.63 billion. In the same quarter last year, the company reported EPS of $0.17. The company’s revenue grew 6.1% year over year. Research analysts on average expect Petco Health and Wellness Company, Inc. to post EPS of -$0.23 for the current fiscal year.
Institutional Investors Interested in Petco Health and Wellness
A number of hedge funds and other institutional investors recently modified their holdings in WOOF. AQR Capital Management LLC increased its holdings in Petco Health and Wellness by 73.4% in the third quarter. AQR Capital Management LLC now holds 5,225,206 shares of the company’s stock, valued at $21,084,000, after purchasing an additional 2,210,988 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Petco Health and Wellness in the first quarter, valued at $4,091,000. Vanguard Group Inc. increased its holdings in Petco Health and Wellness by 15.8% in the first quarter. Vanguard Group Inc. now holds 9,208,064 shares of the company’s stock, valued at $20,994,000, after purchasing an additional 1,254,554 shares in the last quarter. SG Americas Securities LLC increased its holdings in Petco Health and Wellness by 157.3% during the first quarter. SG Americas Securities LLC now owns 1,066,507 shares of the company’s stock valued at $2,432,000 after purchasing an additional 652,080 shares in the last quarter. Finally, Hawk Ridge Capital Management LP acquired a new stake in Petco Health and Wellness in the third quarter valued at $2,362,000.
What Wall Street analysts are saying
Several analysts have recently commented on WOOF stock. Wedbush re-rated shares of Petco Health & Wellness to an “outperform” and set a $4.00 price target in a research report on Wednesday. Evercore ISI lowered their price target on Petco Health & Wellness from $4.00 to $3.00 and gave the company an “in-line” rating in a research report on Friday, March 15th. Royal Bank raised their price target on Petco Health & Wellness from $2.70 to $3.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Citigroup lowered their price target on Petco Health & Wellness from $2.85 to $1.75 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Finally, Robert W. Baird lowered their price objective on Petco Health & Wellness from $3.00 to $2.50 and gave the company a “neutral” rating in a research report on Thursday, March 14. One equities research analyst has rated the stock with a sell rating, nine have rated it with a hold rating, and four have rated it with a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “hold” and a consensus target price of $3.09.
Check out Petco’s latest health and wellness research report
Petco Health & Wellness Company Profile
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Petco Health and Wellness Company, Inc. operates as a health and wellness company focused on improving the lives of pets, pet owners and Petco partners in the United States, Mexico and Puerto Rico. The company offers veterinary care, grooming, training, telemedicine, vital care and pet health insurance services, as well as veterinary services through the Vetco Mobile Clinic.
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