Headlands Technologies LLC Increases Stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Headlands Technologies LLC increased its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOFFree Report) by 208.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,613 shares of the company’s stock after purchasing an additional 15,273 shares during the period. Headlands Technologies LLC’s holdings in Petco Health and Wellness were worth $92,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WOOF. MetLife Investment Management LLC purchased a new position in Petco Health and Wellness during the 1st quarter valued at about $25,000. Gabelli Funds LLC grew its holdings in shares of Petco Health and Wellness by 5.4% during the second quarter. Gabelli Funds LLC now owns 29,500 shares of the company’s stock worth $263,000 after buying an additional 1,500 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Petco Health and Wellness by 61.9% during the first quarter. Advisory Services Network LLC now owns 4,065 shares of the company’s stock worth $37,000 after buying an additional 1,554 shares in the last quarter. Brinker Capital Investments LLC grew its holdings in shares of Petco Health and Wellness by 4.5% during the first quarter. Brinker Capital Investments LLC now owns 39,780 shares of the company’s stock worth $778,000 after buying an additional 1,711 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Petco Health and Wellness by 13.4% during the second quarter. Osaic Holdings Inc. now owns 15,671 shares of the company’s stock worth $140,000 after buying an additional 1,857 shares in the last quarter. Institutional investors and hedge funds own 48.54% of the company’s stock.

Wall Street Analysts Forecast Growth

WOOF has been the topic of several research analyst reports. Wells Fargo & Company cut shares of Petco Health and Wellness from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 29th. Royal Bank of Canada reduced their price target on shares of Petco Health and Wellness from $7.00 to $3.50 and set an “outperform” rating on the stock in a research report on Monday, December 4th. Robert W. Baird cut shares of Petco Health and Wellness from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $8.00 to $3.00 in a research report on Thursday, November 30th. Needham & Company LLC dropped their price target on shares of Petco Health and Wellness from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, November 29th. Finally, Jefferies Financial Group initiated coverage on shares of Petco Health and Wellness in a research note on Tuesday, December 19th. They set a “hold” rating and a $3.11 target price for the company. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness presently has a consensus rating of “Hold” and an average price target of $5.80.

View Our Latest Stock Report on Petco Health and Wellness

Insiders Place Their Bets

In related news, Director Gary S. Briggs acquired 30,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were purchased at an average price of $3.33 per share, for a total transaction of $99,900.00. Following the acquisition, the director now owns 70,085 shares in the company, valued at $233,383.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Petco Health and Wellness Stock Performance

WOOF stock opened at $2.70 on Tuesday. The company has a market capitalization of $826.96 million, a P/E ratio of -0.59 and a beta of 1.13. The company has a 50-day simple moving average of $2.88 and a 200 day simple moving average of $4.02. Petco Health and Wellness Company, Inc. has a fifty-two week low of $2.34 and a fifty-two week high of $11.35. The company has a quick ratio of 0.25, a current ratio of 0.90 and a debt-to-equity ratio of 1.32.

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) last issued its quarterly earnings results on Wednesday, November 29th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.07). The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. Petco Health and Wellness had a negative net margin of 19.89% and a positive return on equity of 0.73%. Petco Health and Wellness’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. Sell-side analysts predict that Petco Health and Wellness Company, Inc. will post -0.16 earnings per share for the current fiscal year.

Petco Health and Wellness Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Petco Health and Wellness (NASDAQ:WOOF)

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