CenterBook Partners LP Makes New $4.10 Million Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

CenterBook Partners LP purchased a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 1,345,207 shares of the company's stock, valued at approximately $4,103,000. CenterBook Partners LP owned 0.43% of Petco Health and Wellness at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Petco Health and Wellness by 26.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,751 shares of the company's stock valued at $5,215,000 after buying an additional 289,629 shares during the period. Swiss National Bank grew its stake in shares of Petco Health and Wellness by 2.6% in the 4th quarter. Swiss National Bank now owns 186,100 shares of the company's stock valued at $709,000 after buying an additional 4,800 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of Petco Health and Wellness in the 4th quarter valued at about $89,000. Counterpoint Mutual Funds LLC grew its stake in shares of Petco Health and Wellness by 203.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 177,403 shares of the company's stock valued at $676,000 after buying an additional 118,952 shares during the period. Finally, Virtu Financial LLC grew its stake in shares of Petco Health and Wellness by 67.8% in the 4th quarter. Virtu Financial LLC now owns 77,902 shares of the company's stock valued at $297,000 after buying an additional 31,485 shares during the period.

Petco Health and Wellness Stock Performance

WOOF stock traded up $0.19 on Thursday, hitting $2.97. The company had a trading volume of 3,565,171 shares, compared to its average volume of 4,220,108. Petco Health and Wellness Company, Inc. has a 12-month low of $2.23 and a 12-month high of $6.29. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 1.43. The stock's 50-day simple moving average is $3.08 and its 200 day simple moving average is $3.13. The stock has a market cap of $935.92 million, a price-to-earnings ratio of -12.37 and a beta of 1.71.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Petco Health and Wellness had a negative return on equity of 4.29% and a negative net margin of 1.10%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The firm's revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts expect that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WOOF has been the subject of several research reports. Wells Fargo & Company raised their target price on Petco Health and Wellness from $3.00 to $3.50 and gave the company an "equal weight" rating in a research note on Friday, June 6th. Robert W. Baird dropped their target price on shares of Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Wall Street Zen raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. UBS Group lowered their price target on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, Morgan Stanley lowered their price target on shares of Petco Health and Wellness from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Friday, June 6th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $3.75.

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.