Wealth Enhancement Advisory Services LLC Sells 20,261 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Wealth Enhancement Advisory Services LLC decreased its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 64.2% during the third quarter, Holdings Channel.com reports. The fund owned 11,315 shares of the company’s stock after selling 20,261 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Petco Health and Wellness were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in Petco Health and Wellness by 311.1% during the 3rd quarter. International Assets Investment Management LLC now owns 170,398 shares of the company’s stock worth $775,000 after acquiring an additional 128,948 shares during the period. SG Americas Securities LLC raised its stake in Petco Health and Wellness by 2.7% during the 3rd quarter. SG Americas Securities LLC now owns 1,099,254 shares of the company’s stock worth $5,002,000 after acquiring an additional 28,695 shares during the period. Ariadne Wealth Management LP bought a new stake in Petco Health and Wellness during the 2nd quarter worth approximately $81,000. Point72 Asset Management L.P. raised its position in shares of Petco Health and Wellness by 1,212.7% during the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after buying an additional 1,677,179 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of Petco Health and Wellness by 50.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company’s stock valued at $3,149,000 after buying an additional 280,644 shares during the last quarter.

Petco Health and Wellness Trading Down 3.7 %

WOOF stock opened at $4.21 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The firm has a fifty day moving average price of $4.51 and a 200 day moving average price of $3.55. The firm has a market cap of $1.31 billion, a PE ratio of -0.85 and a beta of 1.92. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $5.94.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. Petco Health and Wellness’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) earnings per share. Sell-side analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WOOF has been the topic of several recent analyst reports. Wedbush lifted their price objective on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research report on Friday, October 18th. Wells Fargo & Company lifted their price objective on shares of 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 lifted their price objective on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. The Goldman Sachs Group reduced their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Finally, Citigroup lifted their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness has a consensus rating of “Hold” and an average target price of $3.49.

Petco Health and Wellness 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.