HB Wealth Management LLC Takes $49,000 Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

HB Wealth Management LLC acquired a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,334 shares of the company’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Petco Health and Wellness by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 7,717,125 shares of the company’s stock worth $31,563,000 after buying an additional 227,704 shares in the last quarter. FMR LLC increased its stake in shares of Petco Health and Wellness by 216.2% during the 3rd quarter. FMR LLC now owns 604,446 shares of the company’s stock worth $2,472,000 after purchasing an additional 413,295 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of Petco Health and Wellness during the 1st quarter worth approximately $1,138,000. Hsbc Holdings PLC lifted its stake in Petco Health and Wellness by 51.9% in the 4th quarter. Hsbc Holdings PLC now owns 481,172 shares of the company’s stock valued at $1,539,000 after buying an additional 164,406 shares in the last quarter. Finally, CastleKnight Management LP acquired a new stake in Petco Health and Wellness during the 4th quarter valued at $1,367,000.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WOOF shares. Citigroup cut their price target on Petco Health and Wellness from $2.85 to $1.75 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Robert W. Baird reduced their target price on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price target on shares of Petco Health and Wellness in a report on Thursday, May 23rd. Wells Fargo & Company cut their price objective on shares of Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Monday, March 25th. Finally, Royal Bank of Canada raised their target price 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.09.

Insider Transactions at Petco Health and Wellness

In other Petco Health and Wellness news, Director Cameron Breitner purchased 750,000 shares of Petco Health and Wellness stock in a transaction on Wednesday, May 29th. The shares were purchased at an average cost of $3.14 per share, with a total value of $2,355,000.00. Following the completion of the transaction, the director now directly owns 750,000 shares in the company, valued at approximately $2,355,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

Petco Health and Wellness Trading Up 5.7 %

NASDAQ:WOOF traded up $0.18 during trading hours on Friday, reaching $3.35. 2,235,731 shares of the company were exchanged, compared to its average volume of 4,956,383. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -0.67 and a beta of 1.89. The stock has a 50 day simple moving average of $2.95 and a 200 day simple moving average of $2.62. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $9.74. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.21.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings data 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 return on equity of 4.22% and a negative net margin of 21.27%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, analysts predict that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current 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.