Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Bought by Quent Capital LLC

Posted by on Mar 31st, 2023

Quent Capital LLC increased its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) by 546.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,153 shares of the company’s stock after purchasing an additional 2,665 shares during the quarter. Quent Capital LLC’s holdings in Petco Health and Wellness were worth $30,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WOOF. Advisor Group Holdings Inc. raised its holdings in Petco Health and Wellness by 71.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 34,560 shares of the company’s stock worth $353,000 after purchasing an additional 14,371 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Petco Health and Wellness during the 1st quarter worth approximately $349,000. Bank of New York Mellon Corp increased its stake in Petco Health and Wellness by 422.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,451,917 shares of the company’s stock worth $28,416,000 after buying an additional 1,174,228 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Petco Health and Wellness during the 1st quarter worth approximately $265,000. Finally, MetLife Investment Management LLC purchased a new stake in Petco Health and Wellness during the 1st quarter worth approximately $25,000. Institutional investors and hedge funds own 62.27% of the company’s stock.

Petco Health and Wellness Trading Down 1.1 %

Shares of Petco Health and Wellness stock opened at $8.85 on Friday. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 5.73 and a beta of 1.06. Petco Health and Wellness Company, Inc. has a fifty-two week low of $7.59 and a fifty-two week high of $22.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.36 and a current ratio of 0.99. The stock has a 50 day moving average of $10.46 and a 200 day moving average of $10.62.

Insider Buying and Selling

In other Petco Health and Wellness news, CEO Ron Coughlin acquired 61,040 shares of the stock in a transaction that occurred on Tuesday, March 28th. The stock was bought at an average cost of $8.27 per share, for a total transaction of $504,800.80. Following the completion of the transaction, the chief executive officer now owns 618,317 shares of the company’s stock, valued at approximately $5,113,481.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WOOF has been the subject of several research reports. UBS Group cut their price objective on Petco Health and Wellness from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, December 1st. Citigroup dropped their price target on Petco Health and Wellness from $11.00 to $8.50 and set a “neutral” rating for the company in a research report on Tuesday. Bank of America dropped their price target on Petco Health and Wellness from $18.00 to $14.50 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley dropped their price target on Petco Health and Wellness from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, March 23rd. Finally, The Goldman Sachs Group dropped their price target on Petco Health and Wellness from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, December 1st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Petco Health and Wellness has an average rating of “Moderate Buy” and a consensus target price of $12.36.

Petco Health and Wellness Company 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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Institutional Ownership by Quarter for Petco Health and Wellness (NASDAQ:WOOF)

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