Petco Health and Wellness Company, Inc. $WOOF Shares Bought by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd boosted its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 747.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,090 shares of the company’s stock after buying an additional 9,782 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Petco Health and Wellness were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WOOF. Teacher Retirement System of Texas acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at $42,000. New York State Common Retirement Fund lifted its stake in shares of Petco Health and Wellness by 148.7% in the 1st quarter. New York State Common Retirement Fund now owns 28,618 shares of the company’s stock valued at $87,000 after purchasing an additional 17,110 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Petco Health and Wellness by 61.4% in the 1st quarter. Bleakley Financial Group LLC now owns 72,841 shares of the company’s stock valued at $222,000 after purchasing an additional 27,719 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at $51,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Petco Health and Wellness in the 1st quarter valued at $37,000.

Petco Health and Wellness Price Performance

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

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Petco Health and Wellness had a negative return on equity of 1.71% and a negative net margin of 0.47%.The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business earned ($0.02) EPS. Petco Health and Wellness’s revenue was down 2.3% on a year-over-year basis. Analysts forecast that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WOOF has been the topic of several recent analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Petco Health and Wellness in a research note on Tuesday, September 2nd. Jefferies Financial Group boosted their price objective on Petco Health and Wellness from $4.05 to $4.15 and gave the company a “hold” rating in a 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 report on Friday, August 29th. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.95.

Petco Health and Wellness Profile

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.