Mutual Advisors LLC Sells 119,653 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Mutual Advisors LLC lessened its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 28.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,039 shares of the company's stock after selling 119,653 shares during the quarter. Mutual Advisors LLC owned about 0.10% of Petco Health and Wellness worth $933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WOOF. Teacher Retirement System of Texas bought a new position in shares of Petco Health and Wellness in the first quarter valued at approximately $42,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Petco Health and Wellness by 40.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company's stock valued at $60,000 after acquiring an additional 4,526 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at approximately $61,000. Polar Asset Management Partners Inc. bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at approximately $1,450,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Petco Health and Wellness by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,615 shares of the company's stock valued at $1,279,000 after acquiring an additional 11,202 shares during the period.

Petco Health and Wellness Trading Up 3.1%

WOOF stock opened at $3.04 on Friday. The company has a market capitalization of $958.00 million, a PE ratio of -12.67 and a beta of 1.71. Petco Health and Wellness Company, Inc. has a one year low of $2.23 and a one year high of $6.29. The company's 50 day moving average price is $3.09 and its two-hundred day moving average price is $3.18. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.25 and a current ratio of 0.85.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.04) EPS 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 for the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the business posted ($0.04) earnings per share. The company's revenue was down 2.3% compared to the same quarter last year. As a group, analysts predict that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WOOF shares. Morgan Stanley cut their price objective on shares of 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. Wells Fargo & Company raised their price objective on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an "equal weight" rating in a research report on Friday, June 6th. Citigroup dropped their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Royal Bank Of Canada dropped their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Finally, 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 for the company in a research report on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $3.75.

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.

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