Pitcairn Co. Has $33,000 Stock Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Pitcairn Co. decreased its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 33.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,374 shares of the company’s stock after selling 7,342 shares during the period. Pitcairn Co.’s holdings in Petco Health and Wellness were worth $33,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 buying an additional 1,254,554 shares in the last quarter. SG Americas Securities LLC grew its position in Petco Health and Wellness by 157.3% during the 1st quarter. SG Americas Securities LLC now owns 1,066,507 shares of the company’s stock worth $2,432,000 after acquiring an additional 652,080 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Petco Health and Wellness during the 1st quarter worth approximately $1,260,000. Capstone Investment Advisors LLC grew its position in Petco Health and Wellness by 453.7% during the 1st quarter. Capstone Investment Advisors LLC now owns 637,621 shares of the company’s stock worth $1,454,000 after acquiring an additional 522,466 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new stake in Petco Health and Wellness during the 1st quarter worth approximately $1,138,000.

Insider Activity

In related news, Director Cameron Breitner acquired 750,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average price of $3.14 per share, for a total transaction of $2,355,000.00. Following the acquisition, the director now directly owns 750,000 shares of the company’s stock, valued at $2,355,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by corporate insiders.

Petco Health and Wellness Stock Performance

WOOF opened at $3.56 on Friday. The business’s 50-day moving average price is $3.45 and its two-hundred day moving average price is $2.66. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $8.45. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.03. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. On average, equities research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WOOF has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. Wedbush reissued an “outperform” rating and issued a $5.00 price target (up previously from $4.00) on shares of Petco Health and Wellness in a research note on Thursday, July 18th. Citigroup increased their price target on Petco Health and Wellness from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. UBS Group increased their price target on Petco Health and Wellness from $2.50 to $3.25 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Finally, Royal Bank of Canada increased their price target on Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3.36.

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.