XTX Topco Ltd Sells 103,418 Shares of Petco Health and Wellness Company, Inc. $WOOF

Key Points

• XTX Topco Ltd significantly reduced its stake in Petco Health and Wellness by 88.8%, owning just 13,073 shares after selling 103,418 shares in the first quarter.
• Petco Health and Wellness reported a loss of $0.04 per share for its latest quarter, missing the consensus estimate, along with a revenue decline of 2.3% year-over-year.
• Research analysts have mixed views on Petco's stock, with a consensus rating of "Hold" and an average price target of $3.75.

XTX Topco Ltd cut its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 88.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,073 shares of the company's stock after selling 103,418 shares during the quarter. XTX Topco Ltd's holdings in Petco Health and Wellness were worth $40,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantinno Capital Management LP acquired a new position in Petco Health and Wellness during the 4th quarter worth about $45,000. Kapitalo Investimentos Ltda acquired a new position in Petco Health and Wellness during the 1st quarter worth about $37,000. Teacher Retirement System of Texas acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at about $42,000. Oxford Asset Management LLP acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at about $56,000. Finally, Cetera Investment Advisers acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at about $59,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley dropped 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. Wells Fargo & Company boosted their price objective 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. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $3.75.

Petco Health and Wellness Stock Down 1.6%

Shares of Petco Health and Wellness stock traded down $0.0550 on Wednesday, hitting $3.3950. The company had a trading volume of 1,236,487 shares, compared to its average volume of 4,244,839. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -14.15 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 stock has a 50 day moving average of $3.05 and a 200-day moving average of $3.04. 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 issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.50 billion. Petco Health and Wellness had a negative return on equity of 4.29% and a negative net margin of 1.10%.The business's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the company earned ($0.04) earnings per share. As a group, sell-side analysts forecast that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current year.

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.