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

Caprock Group LLC acquired a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 11,529 shares of the company’s stock, valued at approximately $44,000.

Several other large investors also recently bought and sold shares of the company. Jump Financial LLC grew its position in shares of Petco Health and Wellness by 325.2% in the fourth quarter. Jump Financial LLC now owns 119,193 shares of the company’s stock valued at $377,000 after purchasing an additional 91,164 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of Petco Health and Wellness by 32.7% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 107,086 shares of the company’s stock valued at $338,000 after purchasing an additional 26,411 shares in the last quarter. Aigen Investment Management LP grew its position in shares of Petco Health and Wellness by 94.8% in the fourth quarter. Aigen Investment Management LP now owns 65,195 shares of the company’s stock valued at $206,000 after purchasing an additional 31,733 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $305,000. Finally, Hsbc Holdings PLC grew its position in shares of Petco Health and Wellness by 51.9% in the fourth quarter. Hsbc Holdings PLC now owns 481,172 shares of the company’s stock valued at $1,539,000 after purchasing an additional 164,406 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. Royal Bank of Canada increased their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday. Citigroup boosted their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.45.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $4.58 on Friday. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $4.99. The company has a market cap of $1.42 billion, a PE ratio of -0.93 and a beta of 1.88. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.84. The business has a 50-day simple moving average of $3.13 and a 200-day simple moving average of $2.76.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business earned ($0.01) EPS. Petco Health and Wellness’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current fiscal 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.