Diversified Trust Co Sells 4,646 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Diversified Trust Co lowered its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 22.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,214 shares of the company’s stock after selling 4,646 shares during the period. Diversified Trust Co’s holdings in Petco Health and Wellness were worth $74,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Point72 Asset Management L.P. boosted its stake in shares of Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after purchasing an additional 1,677,179 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Petco Health and Wellness by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock worth $20,994,000 after acquiring an additional 1,254,554 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Petco Health and Wellness in the 1st quarter worth approximately $1,260,000. Norden Group LLC bought a new stake in shares of Petco Health and Wellness during the first quarter valued at approximately $309,000. Finally, Russell Investments Group Ltd. purchased a new stake in Petco Health and Wellness in the first quarter worth $588,000.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Royal Bank of Canada upped their price objective 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. Citigroup lifted their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. The Goldman Sachs Group cut their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, Wedbush reiterated an “outperform” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.45.

Petco Health and Wellness Trading Up 1.2 %

Shares of NASDAQ:WOOF opened at $5.14 on Friday. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $5.94. The stock’s fifty day moving average price is $3.73 and its 200-day moving average price is $3.11. The company has a market cap of $1.60 billion, a P/E ratio of -1.04 and a beta of 1.92. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm posted ($0.01) EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current 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.