ProShare Advisors LLC Cuts Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

ProShare Advisors LLC reduced its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 67.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 284,664 shares of the company’s stock after selling 577,973 shares during the period. ProShare Advisors LLC’s holdings in Petco Health and Wellness were worth $1,076,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of Petco Health and Wellness in the fourth quarter valued at approximately $305,000. Hsbc Holdings PLC boosted its position in Petco Health and Wellness by 51.9% in the 4th quarter. Hsbc Holdings PLC now owns 481,172 shares of the company’s stock valued at $1,539,000 after buying an additional 164,406 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of Petco Health and Wellness in the fourth quarter worth $364,000. CastleKnight Management LP purchased a new stake in shares of Petco Health and Wellness during the fourth quarter worth $1,367,000. Finally, Virtu Financial LLC raised its stake in shares of Petco Health and Wellness by 120.7% in the fourth quarter. Virtu Financial LLC now owns 108,079 shares of the company’s stock valued at $342,000 after acquiring an additional 59,118 shares in the last quarter.

Petco Health and Wellness Price Performance

Shares of WOOF opened at $4.68 on Friday. The firm has a fifty day moving average price of $3.36 and a 200 day moving average price of $2.90. The stock 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 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 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). The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. As a group, sell-side analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current year.

Wall Street Analyst Weigh In

WOOF has been the subject of several analyst reports. 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. The Goldman Sachs Group cut their target price on shares of 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 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 boosted 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 restated an “outperform” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently 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.