Vanguard Group Inc. Buys 227,704 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Vanguard Group Inc. raised its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,717,125 shares of the company’s stock after acquiring an additional 227,704 shares during the period. Vanguard Group Inc.’s holdings in Petco Health and Wellness were worth $31,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WOOF. MetLife Investment Management LLC acquired a new stake in Petco Health and Wellness during the 1st quarter worth approximately $25,000. Advisory Services Network LLC increased its position in Petco Health and Wellness by 61.9% during the 1st quarter. Advisory Services Network LLC now owns 4,065 shares of the company’s stock worth $37,000 after buying an additional 1,554 shares during the period. Brinker Capital Investments LLC lifted its holdings in shares of Petco Health and Wellness by 4.5% during the first quarter. Brinker Capital Investments LLC now owns 39,780 shares of the company’s stock worth $778,000 after buying an additional 1,711 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Petco Health and Wellness by 13.4% in the second quarter. Osaic Holdings Inc. now owns 15,671 shares of the company’s stock valued at $140,000 after acquiring an additional 1,857 shares during the period. Finally, Ensign Peak Advisors Inc grew its stake in shares of Petco Health and Wellness by 15.3% in the third quarter. Ensign Peak Advisors Inc now owns 14,390 shares of the company’s stock valued at $161,000 after acquiring an additional 1,910 shares in the last quarter.

Petco Health and Wellness Stock Up 0.5 %

WOOF stock opened at $1.86 on Friday. The firm has a 50-day moving average price of $2.34 and a 200-day moving average price of $2.97. Petco Health and Wellness Company, Inc. has a 12 month low of $1.73 and a 12 month high of $10.76. The company has a current ratio of 0.86, a quick ratio of 0.24 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $569.68 million, a P/E ratio of -0.39 and a beta of 1.15.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Petco Health and Wellness had a negative net margin of 20.47% and a negative return on equity of 2.20%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group dropped their price objective on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. Wells Fargo & Company dropped their price target on shares of Petco Health and Wellness from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Monday, March 25th. Evercore ISI reduced their price target on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research report on Friday, March 15th. Royal Bank of Canada lowered their price objective on Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Finally, Robert W. Baird cut their target price on Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.65.

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.