Norden Group LLC Makes New Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Norden Group LLC purchased a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,559 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of WOOF. Everhart Financial Group Inc. bought a new position in Petco Health and Wellness in the fourth quarter valued at about $41,000. FNY Investment Advisers LLC purchased a new stake in shares of Petco Health and Wellness during the 4th quarter valued at about $44,000. HB Wealth Management LLC purchased a new position in shares of Petco Health and Wellness in the first quarter worth approximately $49,000. Grey Street Capital LLC bought a new stake in Petco Health and Wellness during the fourth quarter valued at approximately $50,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Petco Health and Wellness by 130.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,701 shares of the company’s stock valued at $84,000 after buying an additional 15,111 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WOOF shares. UBS Group increased their target price on shares of Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a report on Thursday, May 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. Bank of America restated an “underperform” rating and set a $1.50 target price (down from $5.00) on shares of Petco Health and Wellness in a research report on Tuesday, April 2nd. Wedbush reiterated an “outperform” rating and issued a $4.00 target price on shares of Petco Health and Wellness in a report on Wednesday, May 29th. Finally, Royal Bank of Canada boosted their target price on Petco Health and Wellness from $2.70 to $3.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus target price of $3.09.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF opened at $3.43 on Monday. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $9.55. The company has a market cap of $1.07 billion, a PE ratio of -0.70 and a beta of 1.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.21 and a current ratio of 0.85. The business has a 50-day simple moving average of $3.17 and a two-hundred day simple moving average of $2.63.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Wednesday, May 22nd. The company reported ($0.09) EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.50 billion. As a group, equities analysts expect that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current fiscal year.

Insider Buying and Selling at Petco Health and Wellness

In related news, Director Cameron Breitner purchased 750,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were bought at an average cost of $3.14 per share, with a total value of $2,355,000.00. Following the transaction, the director now owns 750,000 shares of the company’s stock, valued at $2,355,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

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.