Creative Planning Sells 3,959 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Creative Planning decreased its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 8.2% during the third quarter, Holdings Channel reports. The fund owned 44,200 shares of the company’s stock after selling 3,959 shares during the period. Creative Planning’s holdings in Petco Health and Wellness were worth $201,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caprock Group LLC bought a new stake in Petco Health and Wellness during the second quarter valued at about $44,000. Choreo LLC bought a new position in shares of Petco Health and Wellness during the 2nd quarter valued at approximately $45,000. Headlands Technologies LLC purchased a new stake in Petco Health and Wellness in the 1st quarter worth approximately $30,000. Frank Rimerman Advisors LLC bought a new stake in Petco Health and Wellness during the 2nd quarter worth approximately $50,000. Finally, Norden Group LLC purchased a new position in Petco Health and Wellness during the first quarter valued at approximately $31,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WOOF. Royal Bank of Canada lifted their target price 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. Wells Fargo & Company increased their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Citigroup boosted their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wedbush boosted their target price on Petco Health and Wellness from $5.00 to $5.50 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group cut their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Petco Health and Wellness currently has an average rating of “Hold” and a consensus target price of $3.49.

Petco Health and Wellness Stock Performance

WOOF stock opened at $4.52 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $5.94. The business has a 50-day moving average price of $4.48 and a 200 day moving average price of $3.53. The company has a market capitalization of $1.41 billion, a P/E ratio of -0.91 and a beta of 1.92.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) EPS. As a group, equities research analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

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.