Virtu Financial LLC Buys 59,118 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Virtu Financial LLC lifted its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 120.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,079 shares of the company’s stock after purchasing an additional 59,118 shares during the quarter. Virtu Financial LLC’s holdings in Petco Health and Wellness were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Everhart Financial Group Inc. bought a new stake in Petco Health and Wellness during the 4th quarter worth approximately $41,000. FNY Investment Advisers LLC bought a new stake in Petco Health and Wellness during the 4th quarter worth approximately $44,000. Grey Street Capital LLC bought a new stake in Petco Health and Wellness during the 4th quarter worth approximately $50,000. AXQ Capital LP bought a new stake in Petco Health and Wellness during the 3rd quarter worth approximately $75,000. Finally, RPO LLC bought a new stake in Petco Health and Wellness during the 4th quarter worth approximately $84,000.

Petco Health and Wellness Stock Up 5.5 %

Petco Health and Wellness stock opened at $3.65 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.85 and a debt-to-equity ratio of 1.35. Petco Health and Wellness Company, Inc. has a 12-month low of $1.41 and a 12-month high of $9.74. The firm’s fifty day moving average is $2.52 and its 200 day moving average is $2.60. The company has a market capitalization of $1.13 billion, a PE ratio of -0.74 and a beta of 1.91.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Wednesday, May 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. Petco Health and Wellness had a negative net margin of 21.27% and a negative return on equity of 4.22%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, sell-side analysts predict that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current fiscal year.

Insider Activity at Petco Health and Wellness

In other Petco Health and Wellness news, Director Cameron Breitner acquired 750,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $3.14 per share, for a total transaction of $2,355,000.00. Following the completion of the acquisition, the director now owns 750,000 shares in the company, valued at approximately $2,355,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WOOF has been the topic of a number of research reports. Citigroup reduced their target price on shares of Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and set a $4.00 target price on shares of Petco Health and Wellness in a report on Wednesday, May 29th. Robert W. Baird dropped their price target on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Royal Bank of Canada boosted their price target on shares of Petco Health and Wellness from $2.70 to $3.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus price target of $3.09.

About Petco Health and Wellness

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.