Renaissance Technologies LLC Purchases New Position in Petco Health and Wellness Company, Inc. $WOOF

Renaissance Technologies LLC acquired a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 523,495 shares of the company’s stock, valued at approximately $1,455,000.

A number of other hedge funds have also bought and sold shares of the business. Nuveen LLC raised its holdings in Petco Health and Wellness by 81.9% during the 4th quarter. Nuveen LLC now owns 3,998,724 shares of the company’s stock valued at $11,236,000 after acquiring an additional 1,800,860 shares during the period. Holocene Advisors LP boosted its holdings in shares of Petco Health and Wellness by 42.0% in the third quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock worth $23,575,000 after acquiring an additional 1,800,583 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of Petco Health and Wellness in the first quarter valued at $3,883,000. Goldman Sachs Group Inc. raised its stake in shares of Petco Health and Wellness by 60.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after purchasing an additional 1,367,299 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Petco Health and Wellness during the 4th quarter worth about $2,692,000.

Petco Health and Wellness Stock Down 0.4%

Shares of WOOF opened at $2.73 on Thursday. Petco Health and Wellness Company, Inc. has a 1 year low of $2.24 and a 1 year high of $4.19. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.29. The stock has a 50 day simple moving average of $2.70 and a two-hundred day simple moving average of $2.73. The firm has a market cap of $882.77 million, a P/E ratio of 136.57, a P/E/G ratio of 3.18 and a beta of 1.54.

Insider Buying and Selling at Petco Health and Wellness

In other news, insider Holly May sold 200,000 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $2.54, for a total value of $508,000.00. Following the completion of the sale, the insider owned 1,327,867 shares of the company’s stock, valued at approximately $3,372,782.18. This represents a 13.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 450,000 shares of company stock valued at $1,145,500. Insiders own 6.50% of the company’s stock.

Analyst Upgrades and Downgrades

WOOF has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a research report on Thursday, June 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $3.88.

About Petco Health and Wellness

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.