189,605 Shares in Petco Health and Wellness Company, Inc. $WOOF Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership purchased 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 189,605 shares of the company’s stock, valued at approximately $527,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WOOF. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Petco Health and Wellness by 425.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after acquiring an additional 8,519 shares during the period. Abel Hall LLC acquired a new stake in Petco Health and Wellness during the fourth quarter valued at approximately $31,000. Cibc World Market Inc. bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at approximately $32,000. HB Wealth Management LLC acquired a new position in shares of Petco Health and Wellness in the 1st quarter worth approximately $34,000. Finally, Quantbot Technologies LP acquired a new stake in Petco Health and Wellness in the 3rd quarter valued at $34,000.

Insider Activity

In other news, insider Holly May sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $2.54, for a total transaction of $508,000.00. Following the sale, the insider owned 1,327,867 shares in the company, valued at $3,372,782.18. This represents a 13.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 450,000 shares of company stock worth $1,145,500 over the last ninety days. 6.50% of the stock is owned by corporate insiders.

Petco Health and Wellness Stock Performance

WOOF stock opened at $2.78 on Friday. The company has a 50 day moving average price of $2.71 and a 200 day moving average price of $2.73. The stock has a market capitalization of $898.94 million, a PE ratio of 139.07, a price-to-earnings-growth ratio of 3.21 and a beta of 1.54. Petco Health and Wellness Company, Inc. has a fifty-two week low of $2.24 and a fifty-two week high of $4.19. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.29.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Citigroup cut their price target on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Thursday, June 4th. Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. The Goldman Sachs Group lowered Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price target on the stock. in a research report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Petco Health and Wellness in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Petco Health and Wellness currently has an average rating of “Hold” and an average target price of $3.88.

Petco Health and Wellness Profile

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.