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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Petco Health and Wellness in the first quarter valued at $31,000. R Squared Ltd increased its position in Petco Health and Wellness by 152.7% in the first quarter. R Squared Ltd now owns 10,670 shares of the company's stock worth $33,000 after purchasing an additional 6,447 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in Petco Health and Wellness in the first quarter worth about $37,000. Teacher Retirement System of Texas acquired a new stake in Petco Health and Wellness in the first quarter worth about $42,000. Finally, Quantinno Capital Management LP acquired a new stake in Petco Health and Wellness in the fourth quarter worth about $45,000.

Petco Health and Wellness Trading Up 7.3%

WOOF traded up $0.25 during midday trading on Friday, reaching $3.67. 5,843,881 shares of the company were exchanged, compared to its average volume of 4,492,552. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.31 and a current ratio of 0.89. Petco Health and Wellness Company, Inc. has a one year low of $2.28 and a one year high of $6.29. The stock has a market capitalization of $1.17 billion, a P/E ratio of -36.70 and a beta of 1.74. The stock's 50-day simple moving average is $3.27 and its 200 day simple moving average is $3.07.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Petco Health and Wellness had a negative return on equity of 1.71% and a negative net margin of 0.47%.The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter last year, the business earned ($0.02) earnings per share. The company's revenue was down 2.3% compared to the same quarter last year. As a group, analysts forecast that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WOOF has been the subject of a number of research reports. UBS Group lifted their price objective on Petco Health and Wellness from $3.25 to $3.70 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Guggenheim reiterated a "neutral" rating on shares of Petco Health and Wellness in a research report on Tuesday, September 2nd. Wall Street Zen upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Friday. Wells Fargo & Company lifted their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Finally, Zacks Research upgraded Petco Health and Wellness from a "hold" rating to a "strong-buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $3.95.

About Petco Health and Wellness

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.