Long Focus Capital Management LLC Trims Stock Position in Petco Health and Wellness Company, Inc. $WOOF

Long Focus Capital Management LLC decreased its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 5.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,400,000 shares of the company’s stock after selling 341,784 shares during the quarter. Long Focus Capital Management LLC owned approximately 2.01% of Petco Health and Wellness worth $24,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in Petco Health and Wellness during the second quarter valued at approximately $3,770,000. Candlestick Capital Management LP purchased a new stake in Petco Health and Wellness in the 3rd quarter worth approximately $6,772,000. Los Angeles Capital Management LLC purchased a new stake in Petco Health and Wellness in the 2nd quarter worth approximately $55,000. Legacy Capital Wealth Partners LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth approximately $98,000. Finally, Union Square Park Capital Management LLC purchased a new position in shares of Petco Health and Wellness during the 3rd quarter valued at approximately $677,000.

Petco Health and Wellness Trading Down 6.4%

Shares of NASDAQ:WOOF opened at $3.39 on Tuesday. The business’s 50 day moving average price is $2.73 and its 200-day moving average price is $3.11. Petco Health and Wellness Company, Inc. has a 1 year low of $2.24 and a 1 year high of $4.51. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 113.00 and a beta of 1.75. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.38.

Petco Health and Wellness (NASDAQ:WOOF) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Petco Health and Wellness had a return on equity of 0.89% and a net margin of 0.15%.The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. On average, equities research analysts forecast that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on WOOF shares. Jefferies Financial Group upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their target price for the company from $4.05 to $5.00 in a research note on Thursday, March 12th. UBS Group lifted their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Monday. Evercore decreased their price objective on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Monday, December 29th. Finally, Citigroup raised their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Monday. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.10.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.