Intrack Investment Management Inc. reduced its holdings in Petco Health & Wellness Company Inc. (NASDAQ:WOOF – free report ) by 65.8% during the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company sold 36,000 shares during the quarter, leaving it holding 18,700 shares. Intrack Investment Management Inc.’s stake in Petco Health & Wellness Company Inc. was valued at $43,000 as of the latest filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares in the company. Everhart Financial Group Inc. purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $41,000. FNY Investment Advisers LLC purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $44,000. Gray Street Capital LLC purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $50,000. AXQ Capital LP purchased a new stake in shares of Petco Health and Wellness in the third quarter valued at approximately $75,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Petco Health and Wellness by 130.4% in the fourth quarter. Cantonal Bank of Zurich now owns 26,701 shares of the company’s stock valued at $84,000 after purchasing an additional 15,111 shares during the last quarter.
Analyst upgrades and downgrades
WOOF has been the subject of a number of research reports recently. Royal Bank of Canada increased their price target on Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Citigroup lowered their price target on Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Evercore ISI lowered their price target on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the company in a research note on Friday, March 15th. Wedbush reaffirmed an “outperform” rating and set a $4.00 price target on Petco Health and Wellness in a research note on Wednesday, May 29th. Finally, Bank of America reaffirmed an “underperform” rating and set a $1.50 (down from the previous $5.00) target price on shares of Petco Health and Wellness in a report on Tuesday, April 2. One research analyst has rated the stock with a sell rating, nine have given a hold rating, and four have given a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “hold” and an average target price of $3.09.
Read the latest research report on WOOF
Petco Health & Wellness shares fell 7.9%
Nasdaq WOOF opened trading at $3.11 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21. Petco Health and Wellness Company’s one year low and high are $1.41 and $9.74, respectively. The company’s 50 day moving average price is $2.88 and its 200 day moving average price is $2.61.
Petco Health and Wellness (NASDAQ:WOOF – get free report ) last released its earnings results on Wednesday, May 22nd. The company reported quarterly earnings per share (EPS) of ($0.09), beating the consensus estimate of ($0.12) by $0.03. Petco Health and Wellness had a return on equity of -4.22% and a net margin of -21.27%. The business had revenues of $1.53 billion for the quarter, compared to analyst expectations of $1.5 billion. Research analysts expect Petco Health and Wellness Company, Inc. to post EPS of -0.24 for the current fiscal year.
Insider Trading at Petco Health & Wellness
In other Petco Health and Wellness news, Director Cameron Breitner acquired 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. With this transaction, the director now directly owns 750,000 shares of the company’s stock, valued at approximately $2,355,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.40% of the shares are owned by company insiders.
Petco Health & Wellness Company Profile
(Free report)
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, telehealth, Vital Care, pet health insurance services and veterinary services through the Vetco Mobile Clinic.
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