Quadrature Capital Ltd Acquires New Stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Quadrature Capital Ltd purchased a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOFFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,816 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds have also recently added to or reduced their stakes in WOOF. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Petco Health and Wellness by 253.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after purchasing an additional 8,056 shares during the period. Caprock Group LLC purchased a new position in shares of Petco Health and Wellness in the 2nd quarter worth about $44,000. Choreo LLC purchased a new position in shares of Petco Health and Wellness in the 2nd quarter worth about $45,000. Frank Rimerman Advisors LLC purchased a new position in shares of Petco Health and Wellness in the 2nd quarter worth about $50,000. Finally, nVerses Capital LLC purchased a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at about $52,000.

Petco Health and Wellness Price Performance

Shares of WOOF opened at $4.57 on Friday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -11.43 and a beta of 1.89. The stock has a 50 day moving average of $4.59 and a 200-day moving average of $3.88. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a 52 week low of $1.41 and a 52 week high of $6.29.

Petco Health and Wellness (NASDAQ:WOOFGet Free Report) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). Petco Health and Wellness had a negative return on equity of 5.40% and a negative net margin of 1.77%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm posted ($0.01) EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

WOOF has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday. Wells Fargo & Company raised their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Morgan Stanley raised their target price on Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Citigroup raised 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.16.

Get Our Latest Stock Analysis on WOOF

Petco Health and Wellness Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Petco Health and Wellness (NASDAQ:WOOF)

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