Squarepoint Ops LLC Buys New Position in Petco Health and Wellness Company, Inc. $WOOF

Squarepoint Ops LLC acquired a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 265,674 shares of the company’s stock, valued at approximately $723,000.

A number of other hedge funds have also bought and sold shares of WOOF. HB Wealth Management LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth about $34,000. International Assets Investment Management LLC increased its stake in shares of Petco Health and Wellness by 63.9% in the 1st quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock valued at $35,000 after acquiring an additional 5,000 shares in the last quarter. R Squared Ltd bought a new stake in shares of Petco Health and Wellness in the 1st quarter valued at $36,000. AXQ Capital LP acquired a new position in shares of Petco Health and Wellness during the 4th quarter valued at $47,000. Finally, Amundi acquired a new position in shares of Petco Health and Wellness during the 1st quarter valued at $54,000.

Analyst Ratings Changes

Several brokerages have recently weighed in on WOOF. Zacks Research upgraded shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Weiss Ratings upgraded Petco Health and Wellness from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 8th. Citigroup decreased their target price on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a research report on Thursday, June 4th. Robert W. Baird upped their price target on Petco Health and Wellness from $3.00 to $3.25 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Finally, UBS Group cut their price target on Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.42.

Petco Health and Wellness Stock Down 1.7%

Petco Health and Wellness stock opened at $2.36 on Friday. The firm has a 50 day moving average price of $2.68 and a 200-day moving average price of $2.73. The company has a quick ratio of 0.39, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. Petco Health and Wellness Company, Inc. has a twelve month low of $2.24 and a twelve month high of $3.96. The company has a market capitalization of $765.14 million, a P/E ratio of 23.60, a P/E/G ratio of 2.18 and a beta of 1.53.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, equities analysts predict that Petco Health and Wellness Company, Inc. will post 0.1 EPS for the current year.

Insider Activity at Petco Health and Wellness

In other news, insider Holly May sold 200,000 shares of Petco Health and Wellness stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $2.54, for a total value of $508,000.00. Following the completion of the transaction, the insider directly owned 1,327,867 shares in the company, valued at approximately $3,372,782.18. The trade was a 13.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 450,000 shares of company stock valued at $1,145,500 over the last three months. 6.50% of the stock is owned by company insiders.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a pet-focused retailer and services provider operating primarily in the United States and Puerto Rico. The company serves pet owners through a network of stores and digital channels, offering products and services for dogs, cats, small animals, birds, fish and reptiles.

Petco sells pet food, treats, supplies, toys, bedding, habitats and other everyday care products, including merchandise under its own brands such as WholeHearted, Reddy and EveryYay.