Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) by 15.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 11,590 shares of the company’s stock after selling 2,105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Petco Health and Wellness were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Samalin Investment Counsel LLC lifted its holdings in shares of Petco Health and Wellness by 100.0% in the 4th quarter. Samalin Investment Counsel LLC now owns 2,000 shares of the company’s stock valued at $40,000 after buying an additional 1,000 shares during the period. Chimera Capital Management LLC acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at about $52,000. Focused Wealth Management Inc acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at about $87,000. First Horizon Advisors Inc. increased its stake in shares of Petco Health and Wellness by 6,297.2% in the 4th quarter. First Horizon Advisors Inc. now owns 4,606 shares of the company’s stock valued at $91,000 after purchasing an additional 4,534 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new position in shares of Petco Health and Wellness in the 4th quarter valued at about $96,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Petco Health and Wellness Trading Down 1.8 %

WOOF opened at $13.91 on Friday. Petco Health and Wellness Company, Inc. has a one year low of $13.71 and a one year high of $26.21. The stock has a market capitalization of $3.17 billion, a PE ratio of 20.46, a P/E/G ratio of 1.48 and a beta of 0.97. The business’s 50 day moving average price is $16.12 and its 200 day moving average price is $18.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.36 and a current ratio of 1.04.

Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last released its quarterly earnings data on Tuesday, May 24th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Petco Health and Wellness had a return on equity of 8.93% and a net margin of 3.09%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that Petco Health and Wellness Company, Inc. will post 0.87 EPS for the current year.

Insiders Place Their Bets

In other Petco Health and Wellness news, insider Justin Tichy sold 6,500 shares of the company’s stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $15.74, for a total transaction of $102,310.00. Following the transaction, the insider now directly owns 78,142 shares in the company, valued at $1,229,955.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WOOF shares. Wedbush lifted their price target on Petco Health and Wellness from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, March 29th. Citigroup cut their price objective on Petco Health and Wellness from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, May 25th. Robert W. Baird cut their price objective on Petco Health and Wellness from $25.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, May 24th. StockNews.com lowered Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Thursday, May 26th. Finally, Morgan Stanley assumed coverage on Petco Health and Wellness in a research report on Monday, May 16th. They issued an “equal weight” rating and a $21.00 price target for the company. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness has an average rating of “Moderate Buy” and an average price target of $23.90.

Petco Health and Wellness Profile

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Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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.

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