Long Focus Capital Management LLC Purchases New Shares in Petco Health and Wellness Company, Inc. $WOOF

Key Points

• Long Focus Capital Management LLC has acquired a new stake in Petco Health and Wellness, purchasing over 4.2 million shares valued at approximately $12.9 million.
• Petco's stock has seen a 23.5% increase recently, and its current market capitalization is around $1.26 billion.
• Equities research analysts have adjusted their price targets for Petco, with recommendations ranging from "neutral" to "hold," and an average price target of $3.95.

Long Focus Capital Management LLC purchased a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,237,121 shares of the company's stock, valued at approximately $12,923,000. Long Focus Capital Management LLC owned about 1.34% of Petco Health and Wellness at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Wyoming purchased a new stake in Petco Health and Wellness in the 1st quarter valued at $96,000. Hsbc Holdings PLC increased its position in shares of Petco Health and Wellness by 30.0% during the 1st quarter. Hsbc Holdings PLC now owns 74,237 shares of the company's stock valued at $226,000 after purchasing an additional 17,148 shares during the last quarter. Qtron Investments LLC purchased a new stake in shares of Petco Health and Wellness during the 1st quarter valued at $64,000. Cresset Asset Management LLC purchased a new stake in shares of Petco Health and Wellness during the 1st quarter valued at $7,675,000. Finally, Nuveen LLC purchased a new stake in shares of Petco Health and Wellness during the 1st quarter valued at $6,341,000.

Petco Health and Wellness Stock Up 23.5%

WOOF stock opened at $3.99 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.25 and a current ratio of 0.85. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -39.90 and a beta of 1.72. Petco Health and Wellness Company, Inc. has a fifty-two week low of $2.28 and a fifty-two week high of $6.29. The stock has a fifty day moving average of $3.19 and a 200-day moving average of $3.05.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share for the quarter, topping 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 company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company earned ($0.02) EPS. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts predict that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Petco Health and Wellness from $5.00 to $4.50 and set an "equal weight" rating for the company in a research report on Friday, June 6th. Jefferies Financial Group raised their target price on Petco Health and Wellness from $4.05 to $4.15 and gave the company a "hold" rating in a research report on Friday. Wells Fargo & Company raised their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the company an "equal weight" rating in a research report on Friday. Robert W. Baird raised their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the company a "neutral" rating in a research report on Friday. Finally, UBS Group increased their price target on Petco Health and Wellness from $3.25 to $3.70 and gave the stock a "neutral" rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Petco Health and Wellness currently 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.

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