Eisler Capital Management Ltd. Cuts Holdings in Petco Health and Wellness Company, Inc. $WOOF

Key Points

• Eisler Capital Management Ltd. has reduced its stake in Petco Health and Wellness by 43.1%, now owning approximately 0.06% of the company, valued at $566,000.
• Different hedge funds, including Vanguard Group and Dimensional Fund Advisors, have been increasing their investments in Petco, with Vanguard boosting its holdings by 8.5% to over $26 million.
• Petco recently reported a quarterly EPS of ($0.04), missing estimates, with revenues of $1.49 billion, reflecting a 2.3% decline compared to the previous year.

Eisler Capital Management Ltd. lowered its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 43.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 185,863 shares of the company's stock after selling 140,531 shares during the period. Eisler Capital Management Ltd. owned 0.06% of Petco Health and Wellness worth $566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. R Squared Ltd lifted its stake 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 purchasing an additional 6,447 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at $37,000. Teacher Retirement System of Texas acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at $42,000. Quantinno Capital Management LP acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at $45,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at $51,000.

Petco Health and Wellness Trading Up 23.5%

Shares of WOOF stock traded up $0.76 on Friday, hitting $3.99. The stock had a trading volume of 23,259,005 shares, compared to its average volume of 3,085,378. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.85 and a quick ratio of 0.25. The firm has a market capitalization of $1.26 billion, a P/E ratio of -39.90 and a beta of 1.72. Petco Health and Wellness Company, Inc. has a 1 year low of $2.28 and a 1 year high of $6.29. The company's 50 day moving average price is $3.19 and its 200-day moving average price is $3.05.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Petco Health and Wellness had a negative return on equity of 1.72% and a negative net margin of 0.47%.The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business earned ($0.02) EPS. The company's quarterly revenue was down 2.3% compared to the same quarter last year. Analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

WOOF has been the topic of several recent analyst reports. Jefferies Financial Group upped their price target on Petco Health and Wellness from $4.05 to $4.15 and gave the company a "hold" rating in a research note on Friday. Morgan Stanley decreased their price target 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. Wells Fargo & Company upped their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the company an "equal weight" rating in a research note on Friday. Robert W. Baird upped their price target on Petco Health and Wellness from $3.50 to $4.00 and gave the company a "neutral" rating in a research note on Friday. Finally, UBS Group boosted their price objective on Petco Health and Wellness from $3.25 to $3.70 and gave the company a "neutral" rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $3.95.

Petco Health and Wellness Company 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.