ProShare Advisors LLC Lowers Stock Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

ProShare Advisors LLC decreased its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 67.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 284,664 shares of the company’s stock after selling 577,973 shares during the period. ProShare Advisors LLC owned about 0.09% of Petco Health and Wellness worth $1,076,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Caprock Group LLC purchased a new stake in Petco Health and Wellness in the 2nd quarter worth $44,000. Choreo LLC purchased a new stake in shares of Petco Health and Wellness during the second quarter worth about $45,000. Headlands Technologies LLC acquired a new position in shares of Petco Health and Wellness during the 1st quarter worth about $30,000. Norden Group LLC purchased a new position in Petco Health and Wellness in the 1st quarter valued at about $31,000. Finally, nVerses Capital LLC acquired a new stake in Petco Health and Wellness in the 2nd quarter worth about $52,000.

Petco Health and Wellness Stock Up 1.5 %

Shares of NASDAQ WOOF opened at $4.68 on Friday. The company has a market capitalization of $1.46 billion, a P/E ratio of -0.95 and a beta of 1.88. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. The company has a 50 day simple moving average of $3.36 and a 200-day simple moving average of $2.90. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $5.09.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on WOOF. Citigroup increased their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Wells Fargo & Company raised their price objective on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Wedbush reaffirmed an “outperform” rating and set a $5.00 target price on shares of Petco Health and Wellness in a report on Wednesday, September 11th. The Goldman Sachs Group decreased their price target on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, Royal Bank of Canada upped their price objective on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.45.

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.