Gabelli Funds LLC Sells 14,000 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Gabelli Funds LLC lessened its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 19.2% in the second quarter, HoldingsChannel.com reports. The fund owned 59,000 shares of the company’s stock after selling 14,000 shares during the period. Gabelli Funds LLC’s holdings in Petco Health and Wellness were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Petco Health and Wellness by 15.8% during the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock worth $20,994,000 after buying an additional 1,254,554 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Petco Health and Wellness in the 1st quarter worth about $4,091,000. Renaissance Technologies LLC boosted its holdings in Petco Health and Wellness by 124.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,128,038 shares of the company’s stock valued at $4,264,000 after purchasing an additional 624,338 shares during the period. SG Americas Securities LLC grew its position in shares of Petco Health and Wellness by 0.4% during the 2nd quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company’s stock worth $4,047,000 after purchasing an additional 4,052 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Petco Health and Wellness by 113.9% during the first quarter. ProShare Advisors LLC now owns 862,637 shares of the company’s stock worth $1,967,000 after purchasing an additional 459,257 shares during the period.

Wall Street Analysts Forecast Growth

WOOF has been the subject of several analyst reports. The Goldman Sachs Group dropped their price objective on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Citigroup upped their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company raised their target price on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Royal Bank of Canada upped their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Wedbush reissued an “outperform” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.45.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $4.68 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. The firm has a market cap of $1.46 billion, a PE ratio of -0.95 and a beta of 1.88. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $5.09. The stock’s fifty day moving average price is $3.36 and its two-hundred day moving average price is $2.90.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm earned ($0.01) EPS. Petco Health and Wellness’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts forecast that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current year.

Petco Health and Wellness Company Profile

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.