Monashee Investment Management LLC Makes New Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Monashee Investment Management LLC purchased a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 60,000 shares of the company’s stock, valued at approximately $1,345,000.

Several other institutional investors have also bought and sold shares of the business. Canada Pension Plan Investment Board bought a new position in shares of Petco Health and Wellness during the 1st quarter worth approximately $1,554,022,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Petco Health and Wellness during the first quarter worth approximately $88,574,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Petco Health and Wellness during the first quarter worth approximately $81,274,000. Franklin Resources Inc. acquired a new position in shares of Petco Health and Wellness during the first quarter worth approximately $67,670,000. Finally, BlackRock Inc. raised its position in shares of Petco Health and Wellness by 11.5% during the second quarter. BlackRock Inc. now owns 3,047,544 shares of the company’s stock worth $68,296,000 after purchasing an additional 313,463 shares during the period. Hedge funds and other institutional investors own 63.35% of the company’s stock.

In other Petco Health and Wellness news, CEO Ron Coughlin purchased 46,600 shares of the stock in a transaction on Tuesday, September 7th. The shares were purchased at an average price of $21.72 per share, with a total value of $1,012,152.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.02% of the stock is owned by company insiders.

A number of equities analysts have recently weighed in on the company. started coverage on Petco Health and Wellness in a research report on Wednesday, June 2nd. They set a “buy” rating and a $31.00 target price on the stock. Citigroup started coverage on Petco Health and Wellness in a research report on Wednesday, June 2nd. They issued a “buy” rating for the company. UBS Group lowered their price target on Petco Health and Wellness from $27.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, August 20th. Credit Suisse Group raised Petco Health and Wellness from a “neutral” rating to an “outperform” rating and set a $28.00 price target for the company in a research report on Friday, August 20th. Finally, BNP Paribas started coverage on Petco Health and Wellness in a research report on Friday, July 16th. They issued an “underperform” rating and a $16.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Petco Health and Wellness currently has a consensus rating of “Hold” and an average price target of $26.29.

WOOF stock opened at $22.08 on Friday. Petco Health and Wellness Company, Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $31.08. The stock has a fifty day moving average of $21.07 and a 200-day moving average of $22.23. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.31 and a current ratio of 0.94. The company has a market capitalization of $5.00 billion and a price-to-earnings ratio of 96.00.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Wednesday, August 18th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. The business’s quarterly revenue was up 18.6% on a year-over-year basis. Equities analysts predict that Petco Health and Wellness Company, Inc. will post 0.83 EPS for the current year.

Petco Health and Wellness Profile

Petco Health and Wellness Company, Inc operates as a retailer of premium pet consumables, supplies, and companion animals and services. The company also offers grooming, in-store and online training, tele-veterinarian, and pet health insurance services, as well as veterinary services through Vetco clinics.

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Institutional Ownership by Quarter for Petco Health and Wellness (NASDAQ:WOOF)

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