Counterpoint Mutual Funds LLC Buys Shares of 234,889 Petco Health and Wellness Company, Inc. $WOOF

Key Points

• Counterpoint Mutual Funds LLC acquired 234,889 shares of Petco Health and Wellness, valued at approximately $665,000, representing a 0.07% ownership of the company.
• Analysts have mixed ratings for Petco Health and Wellness with a consensus price target of $3.95, including one 'Strong Buy' and three 'Buy' ratings.
• The company's stock has seen fluctuations, with a 12-month low of $2.28 and a high of $6.29, as shares recently opened at $3.51.

Counterpoint Mutual Funds LLC bought a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 234,889 shares of the company's stock, valued at approximately $665,000. Counterpoint Mutual Funds LLC owned 0.07% of Petco Health and Wellness at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Long Focus Capital Management LLC bought a new stake in shares of Petco Health and Wellness in the first quarter worth about $12,923,000. Solas Capital Management LLC acquired a new stake in shares of Petco Health and Wellness in the first quarter valued at approximately $9,150,000. Cresset Asset Management LLC acquired a new stake in shares of Petco Health and Wellness in the first quarter valued at approximately $7,675,000. Nuveen LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth approximately $6,341,000. Finally, Nuveen Asset Management LLC lifted its holdings in Petco Health and Wellness by 513.6% during the 4th quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company's stock worth $8,009,000 after purchasing an additional 1,759,570 shares during the last quarter.

Analysts Set New Price Targets

WOOF has been the topic of a number of recent research reports. Zacks Research upgraded Petco Health and Wellness from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. UBS Group raised their price objective on 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. Morgan Stanley lowered their price objective on Petco Health and Wellness from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Friday, June 6th. Royal Bank Of Canada restated an "outperform" rating and set a $4.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company raised 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 note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $3.95.

Petco Health and Wellness Stock Down 0.3%

Shares of WOOF opened at $3.51 on Tuesday. The company has a market capitalization of $1.12 billion, a PE ratio of -35.10 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a 12 month low of $2.28 and a 12 month high of $6.29. The stock's 50-day moving average price is $3.40 and its two-hundred day moving average price is $3.14. The company has a current ratio of 0.89, a quick ratio of 0.31 and a debt-to-equity ratio of 1.39.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm 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 business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) EPS. On average, analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current year.

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.

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