Caitong International Asset Management Co. Ltd Increases Stake in Petco Health and Wellness Company, Inc. $WOOF

Caitong International Asset Management Co. Ltd boosted its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 747.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,090 shares of the company’s stock after acquiring an additional 9,782 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Petco Health and Wellness were worth $31,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WOOF. Bleakley Financial Group LLC increased its position in shares of Petco Health and Wellness by 51.2% in the second quarter. Bleakley Financial Group LLC now owns 110,114 shares of the company’s stock valued at $312,000 after buying an additional 37,273 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Petco Health and Wellness in the second quarter valued at approximately $264,000. CWM LLC increased its position in shares of Petco Health and Wellness by 68.5% in the second quarter. CWM LLC now owns 108,292 shares of the company’s stock valued at $306,000 after buying an additional 44,005 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Petco Health and Wellness in the second quarter valued at approximately $31,000. Finally, HB Wealth Management LLC purchased a new stake in shares of Petco Health and Wellness in the second quarter valued at approximately $33,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WOOF. UBS Group boosted their price objective on Petco Health and Wellness from $3.25 to $3.70 and gave the company a “neutral” rating in a research report on Friday, August 29th. Robert W. Baird boosted their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Petco Health and Wellness in a research report on Tuesday, October 14th. Zacks Research upgraded Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $4.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.95.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF opened at $3.66 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.31. The business’s 50 day moving average price is $3.57 and its 200-day moving average price is $3.30. The firm has a market capitalization of $1.16 billion, a PE ratio of -36.60 and a beta of 1.73. Petco Health and Wellness Company, Inc. has a 1 year low of $2.28 and a 1 year high of $6.29.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Petco Health and Wellness had a negative return on equity of 1.71% and a negative net margin of 0.47%.The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. As a group, equities research analysts expect that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share 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.