Blueshift Asset Management LLC Purchases Shares of 148,450 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Blueshift Asset Management LLC purchased a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 148,450 shares of the company’s stock, valued at approximately $675,000.

Several other hedge funds have also made changes to their positions in WOOF. Russell Investments Group Ltd. acquired a new stake in Petco Health and Wellness in the 1st quarter worth about $588,000. Vanguard Group Inc. boosted its position in shares of Petco Health and Wellness by 15.8% in the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock worth $20,994,000 after acquiring an additional 1,254,554 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Petco Health and Wellness in the first quarter worth approximately $150,000. Price T Rowe Associates Inc. MD grew its holdings in Petco Health and Wellness by 12.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company’s stock valued at $104,000 after purchasing an additional 4,836 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Petco Health and Wellness during the first quarter worth approximately $4,091,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WOOF. The Goldman Sachs Group decreased their price target on shares of 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. Wells Fargo & Company boosted their price target 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 raised their price objective on 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 stock an “outperform” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada raised their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, September 11th. 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.49.

Petco Health and Wellness Price Performance

Shares of WOOF stock opened at $4.30 on Thursday. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $5.94. The company has a market capitalization of $1.34 billion, a PE ratio of -0.87 and a beta of 1.92. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. The firm has a fifty day simple moving average of $4.58 and a 200-day simple moving average of $3.72.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm earned ($0.01) earnings per share. The company’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 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.