Wealth Enhancement Advisory Services LLC Has $60,000 Stock Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Wealth Enhancement Advisory Services LLC grew its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 40.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,841 shares of the company’s stock after purchasing an additional 4,526 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Petco Health and Wellness were worth $60,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WOOF. Dimensional Fund Advisors LP boosted its stake in shares of Petco Health and Wellness by 269.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock valued at $12,354,000 after purchasing an additional 2,365,654 shares in the last quarter. Norges Bank bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at about $8,864,000. Bridgeway Capital Management LLC bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at about $8,604,000. Driehaus Capital Management LLC bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at about $6,887,000. Finally, Nuveen Asset Management LLC raised its holdings in shares of Petco Health and Wellness by 513.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company’s stock valued at $8,009,000 after buying an additional 1,759,570 shares during the last quarter.

Insider Activity at Petco Health and Wellness

In related news, CEO Joel D. Anderson purchased 736,547 shares of Petco Health and Wellness stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average cost of $2.91 per share, with a total value of $2,143,351.77. Following the completion of the transaction, the chief executive officer now owns 736,547 shares of the company’s stock, valued at approximately $2,143,351.77. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.40% of the company’s stock.

Petco Health and Wellness Trading Up 1.3%

NASDAQ:WOOF opened at $2.43 on Thursday. Petco Health and Wellness Company, Inc. has a twelve month low of $2.23 and a twelve month high of $6.29. The company has a quick ratio of 0.25, a current ratio of 0.85 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average price of $3.18 and a two-hundred day moving average price of $3.35. The company has a market cap of $765.77 million, a P/E ratio of -10.12 and a beta of 1.82.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Thursday, June 5th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Petco Health and Wellness had a negative return on equity of 4.29% and a negative net margin of 1.10%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned ($0.04) EPS. The company’s revenue was down 2.3% compared to the same quarter last year. As a group, analysts expect that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WOOF. The Goldman Sachs Group boosted their price objective on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a report on Thursday, March 27th. Wells Fargo & Company boosted their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the company an “equal weight” rating in a research report on Friday, June 6th. Morgan Stanley decreased their price objective 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, June 6th. Citigroup decreased their price objective 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. Finally, Robert W. Baird decreased their price objective on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.75.

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.