Victory Capital Management Inc. Sells 8,401 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Victory Capital Management Inc. lowered its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 45.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,126 shares of the company’s stock after selling 8,401 shares during the period. Victory Capital Management Inc.’s holdings in Petco Health and Wellness were worth $38,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in Petco Health and Wellness during the 1st quarter valued at $30,000. Norden Group LLC purchased a new position in Petco Health and Wellness during the first quarter valued at $31,000. HB Wealth Management LLC bought a new stake in shares of Petco Health and Wellness in the first quarter worth about $49,000. Delap Wealth Advisory LLC purchased a new stake in shares of Petco Health and Wellness during the 1st quarter worth approximately $49,000. Finally, nVerses Capital LLC bought a new position in Petco Health and Wellness during the second quarter valued at $52,000.

Petco Health and Wellness Price Performance

Shares of Petco Health and Wellness stock opened at $4.39 on Wednesday. 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 Company, Inc. has a 12 month low of $1.41 and a 12 month high of $5.09. The stock has a market capitalization of $1.36 billion, a P/E ratio of -0.89 and a beta of 1.88. The business has a 50 day simple moving average of $3.31 and a two-hundred day simple moving average of $2.86.

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

Analyst Upgrades and Downgrades

WOOF has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted 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 research note on Wednesday, September 11th. Citigroup boosted their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Wedbush reaffirmed an “outperform” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a report on Wednesday, September 11th. Wells Fargo & Company upped their target price 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. Finally, The Goldman Sachs Group decreased their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Petco Health and Wellness has an average rating of “Hold” and a consensus target price of $3.45.

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.