Ancora Advisors LLC Makes New $1.19 Million Investment in Petco Health and Wellness Company, Inc. $WOOF

Key Points

• Ancora Advisors LLC has acquired a new stake in Petco Health and Wellness Company valued at approximately $1.2 million, owning 0.12% of the company after the transaction.
• Petco Health and Wellness reported earnings of $0.05 EPS, beating consensus estimates, while maintaining revenue of $1.49 billion for the quarter.
• Analyst ratings for Petco show a consensus of "Hold" with an average price target of $3.95, reflecting cautious optimism about future performance.

Ancora Advisors LLC bought a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 389,060 shares of the company's stock, valued at approximately $1,187,000. Ancora Advisors LLC owned 0.12% of Petco Health and Wellness as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Focus Partners Advisor Solutions LLC purchased a new position in Petco Health and Wellness during the first quarter valued at approximately $31,000. R Squared Ltd increased its holdings in shares of Petco Health and Wellness by 152.7% in the 1st quarter. R Squared Ltd now owns 10,670 shares of the company's stock valued at $33,000 after acquiring an additional 6,447 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of Petco Health and Wellness in the 1st quarter valued at $37,000. Teacher Retirement System of Texas purchased a new position in Petco Health and Wellness in the first quarter valued at about $42,000. Finally, Quantinno Capital Management LP purchased a new position in Petco Health and Wellness in the fourth quarter valued at about $45,000.

Petco Health and Wellness Stock Performance

Shares of WOOF traded down $0.02 during trading hours on Wednesday, reaching $3.64. 1,135,027 shares of the company traded hands, compared to its average volume of 4,361,488. The stock has a market capitalization of $1.16 billion, a P/E ratio of -36.35 and a beta of 1.74. The company has a quick ratio of 0.31, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. Petco Health and Wellness Company, Inc. has a 12-month low of $2.28 and a 12-month high of $6.29. The business has a fifty day moving average price of $3.31 and a 200-day moving average price of $3.08.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. 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 negative return on equity of 1.71% and a negative net margin of 0.47%.The company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. Equities analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on WOOF. Zacks Research upgraded Petco Health and Wellness from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Jefferies Financial Group lifted their price objective on shares of Petco Health and Wellness from $4.05 to $4.15 and gave the stock a "hold" rating in a research report on Friday, August 29th. Wells Fargo & Company lifted their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Wall Street Zen raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, Guggenheim restated a "neutral" rating on shares of Petco Health and Wellness in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Petco Health and Wellness has an average rating of "Hold" and a consensus target price of $3.95.

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.