Delap Wealth Advisory LLC Purchases New Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Delap Wealth Advisory LLC purchased a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,523 shares of the company’s stock, valued at approximately $49,000.

Other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Petco Health and Wellness during the first quarter worth $30,000. Norden Group LLC bought a new stake in shares of Petco Health and Wellness in the first quarter worth about $31,000. HB Wealth Management LLC bought a new stake in shares of Petco Health and Wellness in the first quarter worth about $49,000. Fidelis Capital Partners LLC bought a new stake in shares of Petco Health and Wellness in the first quarter worth about $75,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Petco Health and Wellness by 130.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,701 shares of the company’s stock worth $84,000 after buying an additional 15,111 shares during the period.

Insiders Place Their Bets

In other Petco Health and Wellness news, Director Cameron Breitner bought 750,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were purchased at an average price of $3.14 per share, for a total transaction of $2,355,000.00. Following the purchase, the director now directly owns 750,000 shares of the company’s stock, valued at $2,355,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on WOOF shares. Needham & Company LLC reissued a “buy” rating and set a $5.00 price target on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. Citigroup raised their price objective on Petco Health and Wellness from $3.00 to $4.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. UBS Group increased their target price on Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Bank of America reiterated an “underperform” rating and set a $1.50 target price (down previously from $5.00) on shares of Petco Health and Wellness in a research note on Tuesday, April 2nd. Finally, Wedbush reiterated an “outperform” rating and set a $5.00 target price (up previously from $4.00) on shares of Petco Health and Wellness in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Petco Health and Wellness has an average rating of “Hold” and a consensus target price of $3.36.

Petco Health and Wellness Stock Up 3.8 %

WOOF traded up $0.13 during midday trading on Friday, reaching $3.57. 1,264,705 shares of the company were exchanged, compared to its average volume of 4,898,467. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.21 and a current ratio of 0.85. The company’s fifty day moving average price is $3.45 and its 200 day moving average price is $2.66. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -0.72 and a beta of 1.89. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $8.45.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. Petco Health and Wellness had a negative return on equity of 4.22% and a negative net margin of 21.27%. As a group, analysts expect that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current year.

About Petco Health and Wellness

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.