Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 73.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 23,004 shares of the company’s stock after selling 63,505 shares during the period. GSA Capital Partners LLP’s holdings in Petco Health and Wellness were worth $105,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WOOF. Caprock Group LLC acquired a new stake in Petco Health and Wellness in the 2nd quarter worth about $44,000. Choreo LLC acquired a new stake in shares of Petco Health and Wellness in the second quarter worth approximately $45,000. Frank Rimerman Advisors LLC acquired a new position in Petco Health and Wellness during the second quarter worth approximately $50,000. nVerses Capital LLC purchased a new position in Petco Health and Wellness during the second quarter worth approximately $52,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Petco Health and Wellness in the 2nd quarter valued at $58,000.

Petco Health and Wellness Stock Up 1.4 %

Shares of NASDAQ:WOOF opened at $4.23 on Tuesday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -0.85 and a beta of 1.92. The company has a 50 day moving average of $4.59 and a two-hundred day moving average of $3.70. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $5.94. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 1.39.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate 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%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) EPS. As a group, analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WOOF has been the subject of a number of research analyst reports. Wedbush upped their price objective on Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a report on Friday, October 18th. Citigroup raised their price objective on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. The Goldman Sachs Group reduced their price objective 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. Wells Fargo & Company increased their target price on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada lifted their price target 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.49.

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.