190,133 Shares in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Acquired by PDT Partners LLC

PDT Partners LLC purchased a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 190,133 shares of the company’s stock, valued at approximately $865,000. PDT Partners LLC owned 0.06% of Petco Health and Wellness as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Verition Fund Management LLC increased its stake in shares of Petco Health and Wellness by 9.0% in the 3rd quarter. Verition Fund Management LLC now owns 960,186 shares of the company’s stock valued at $4,369,000 after acquiring an additional 79,082 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Petco Health and Wellness by 11.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,413 shares of the company’s stock worth $1,476,000 after purchasing an additional 34,198 shares during the period. MetLife Investment Management LLC increased its stake in Petco Health and Wellness by 129.1% in the third quarter. MetLife Investment Management LLC now owns 50,153 shares of the company’s stock valued at $228,000 after purchasing an additional 28,259 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in shares of Petco Health and Wellness during the third quarter valued at about $675,000. Finally, FMR LLC boosted its position in shares of Petco Health and Wellness by 170.9% during the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company’s stock worth $6,923,000 after purchasing an additional 959,960 shares in the last quarter.

Petco Health and Wellness Stock Up 15.0 %

Petco Health and Wellness stock opened at $4.91 on Tuesday. 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 stock has a market cap of $1.53 billion, a PE ratio of -0.92 and a beta of 1.89. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $5.94. The firm’s 50-day simple moving average is $4.55 and its 200 day simple moving average is $3.77.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting 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 return on equity of 6.51% and a negative net margin of 21.46%. Petco Health and Wellness’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. Research analysts predict that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on WOOF. Wells Fargo & Company boosted 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. The Goldman Sachs Group lowered their target price on 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. Wedbush lifted their price target 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. Citigroup upped their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, 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 report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.