Legacy Capital Wealth Partners LLC Acquires New Position in Petco Health and Wellness Company, Inc. $WOOF

Legacy Capital Wealth Partners LLC bought a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the second quarter, Holdings Channel reports. The firm bought 34,783 shares of the company’s stock, valued at approximately $98,000.

Several other large investors also recently bought and sold shares of WOOF. Victory Capital Management Inc. purchased a new position in shares of Petco Health and Wellness in the first quarter worth $51,000. R Squared Ltd increased its position in shares of Petco Health and Wellness by 152.7% in the 1st quarter. R Squared Ltd now owns 10,670 shares of the company’s stock valued at $33,000 after acquiring an additional 6,447 shares during the period. Advyzon Investment Management LLC raised its stake in Petco Health and Wellness by 164.4% in the 1st quarter. Advyzon Investment Management LLC now owns 59,341 shares of the company’s stock worth $181,000 after acquiring an additional 36,901 shares during the last quarter. Vanguard Group Inc. raised its stake in Petco Health and Wellness by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 8,691,631 shares of the company’s stock worth $26,509,000 after acquiring an additional 682,099 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Petco Health and Wellness by 15.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,236,396 shares of the company’s stock worth $3,771,000 after acquiring an additional 168,465 shares during the period.

Petco Health and Wellness Trading Down 5.6%

Shares of NASDAQ:WOOF opened at $3.21 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.35 and a debt-to-equity ratio of 1.37. Petco Health and Wellness Company, Inc. has a 12-month low of $2.28 and a 12-month high of $6.29. The business has a 50 day moving average of $3.38 and a two-hundred day moving average of $3.30. The company has a market capitalization of $1.02 billion, a PE ratio of -320.68 and a beta of 1.71.

Petco Health and Wellness (NASDAQ:WOOF) last posted its earnings results on Tuesday, November 25th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Petco Health and Wellness had a negative net margin of 0.04% and a positive return on equity of 0.46%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. Petco Health and Wellness has set its FY 2025 guidance at EPS. As a group, analysts forecast that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WOOF. UBS Group increased their price objective on Petco Health and Wellness from $3.25 to $3.70 and gave the company a “neutral” rating in a report on Friday, August 29th. Zacks Research downgraded shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Evercore ISI raised their price target on shares of Petco Health and Wellness from $3.00 to $4.00 and gave the stock an “in-line” rating in a research report on Wednesday, November 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $4.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.96.

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.