Petco Health and Wellness Company, Inc. $WOOF Shares Bought by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC increased its holdings in Petco by 11.2%, acquiring an additional 252,653 shares, bringing its total to approximately 2.51 million shares valued at $7.66 million.
• Multiple hedge funds, including Dimensional Fund Advisors LP and Tower Research Capital LLC, have significantly increased their stakes in Petco, indicating growing institutional interest in the company.
• Petco's stock currently holds an average rating of "Hold" from analysts with a target price averaging around $3.95, reflecting mixed sentiments in the market.

Bridgeway Capital Management LLC lifted its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,510,897 shares of the company's stock after purchasing an additional 252,653 shares during the period. Bridgeway Capital Management LLC owned about 0.80% of Petco Health and Wellness worth $7,658,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC bought a new position in shares of Petco Health and Wellness in the first quarter worth about $31,000. R Squared Ltd lifted its stake 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 acquiring an additional 6,447 shares during the period. Quantinno Capital Management LP purchased a new stake in Petco Health and Wellness in the fourth quarter worth about $45,000. Kapitalo Investimentos Ltda purchased a new stake in Petco Health and Wellness in the first quarter worth about $37,000. Finally, Teacher Retirement System of Texas purchased a new stake in Petco Health and Wellness in the first quarter worth about $42,000.

Analyst Ratings Changes

A number of research firms recently weighed in on WOOF. UBS Group upped their price objective on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Zacks Research raised shares of Petco Health and Wellness from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Robert W. Baird increased their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a "neutral" rating in a research 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 research report on Friday. Finally, Wells Fargo & Company increased their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $3.95.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock traded up $0.25 during midday trading on Friday, hitting $3.67. The company had a trading volume of 5,843,881 shares, compared to its average volume of 4,492,552. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -36.70 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. The company has a fifty day simple moving average of $3.27 and a 200 day simple moving average of $3.07. Petco Health and Wellness Company, Inc. has a 12-month low of $2.28 and a 12-month high of $6.29.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.71%. Petco Health and Wellness's revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm posted ($0.02) EPS. As a group, analysts predict that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current fiscal year.

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.