UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 335,615 shares of the company’s stock after acquiring an additional 11,202 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.11% of Petco Health and Wellness worth $1,279,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WOOF. Bleakley Financial Group LLC grew its position in Petco Health and Wellness by 14.3% in the fourth quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company’s stock worth $172,000 after acquiring an additional 5,660 shares during the period. Empowered Funds LLC purchased a new position in Petco Health and Wellness in the fourth quarter worth approximately $4,516,000. Shade Tree Advisors LLC purchased a new position in shares of Petco Health and Wellness during the fourth quarter worth $131,000. Principal Financial Group Inc. boosted its position in shares of Petco Health and Wellness by 27.0% during the fourth quarter. Principal Financial Group Inc. now owns 203,121 shares of the company’s stock worth $774,000 after buying an additional 43,229 shares during the period. Finally, Rice Hall James & Associates LLC boosted its position in shares of Petco Health and Wellness by 25.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 584,453 shares of the company’s stock worth $2,227,000 after buying an additional 118,410 shares during the period.

Analyst Ratings Changes

Several research firms have recently commented on WOOF. Wedbush lowered their price target on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Citigroup lowered their price target on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Morgan Stanley lowered their price target on Petco Health and Wellness from $5.00 to $4.50 and set an “equal weight” rating for the company in a research report on Friday. Finally, UBS Group lowered their price target on Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.75.

Insider Buying and Selling at Petco Health and Wellness

In other news, CEO Joel D. Anderson acquired 849,541 shares of the company’s stock in a transaction on Monday, March 31st. The shares were bought at an average price of $3.03 per share, with a total value of $2,574,109.23. Following the completion of the acquisition, the chief executive officer now owns 853,304 shares in the company, valued at $2,585,511.12. This trade represents a 22,576.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by insiders.

Petco Health and Wellness Stock Down 5.0%

Shares of NASDAQ WOOF opened at $2.64 on Tuesday. The stock has a market cap of $831.93 million, a P/E ratio of -6.60 and a beta of 1.82. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a 12-month low of $2.23 and a 12-month high of $6.29. The business’s fifty day simple moving average is $3.24 and its 200-day simple moving average is $3.42.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Thursday, June 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Petco Health and Wellness had a negative net margin of 1.77% and a negative return on equity of 5.40%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts predict that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current fiscal year.

Petco Health and Wellness Company 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.