2,079,133 Shares in Petco Health and Wellness Company, Inc. $WOOF Acquired by Nuveen LLC

Nuveen LLC purchased a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,079,133 shares of the company’s stock, valued at approximately $6,341,000. Nuveen LLC owned 0.66% of Petco Health and Wellness at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WOOF. Wealth Enhancement Advisory Services LLC grew its holdings in Petco Health and Wellness by 40.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company’s stock valued at $60,000 after buying an additional 4,526 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Petco Health and Wellness by 41.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company’s stock valued at $60,000 after buying an additional 4,610 shares during the last quarter. R Squared Ltd grew its holdings in Petco Health and Wellness by 152.7% during the 1st quarter. R Squared Ltd now owns 10,670 shares of the company’s stock valued at $33,000 after buying an additional 6,447 shares during the last quarter. LPL Financial LLC grew its holdings in Petco Health and Wellness by 18.2% during the 4th quarter. LPL Financial LLC now owns 42,006 shares of the company’s stock valued at $160,000 after buying an additional 6,470 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Petco Health and Wellness by 9.0% during the 4th quarter. Legal & General Group Plc now owns 101,983 shares of the company’s stock valued at $389,000 after buying an additional 8,397 shares during the last quarter.

Petco Health and Wellness Trading Down 3.5%

Shares of Petco Health and Wellness stock opened at $3.34 on Tuesday. Petco Health and Wellness Company, Inc. has a fifty-two week low of $2.28 and a fifty-two week high of $6.29. The firm has a market cap of $1.05 billion, a PE ratio of -13.92 and a beta of 1.72. The business’s fifty day moving average is $3.11 and its two-hundred day moving average is $3.04. The company has a quick ratio of 0.25, a current ratio of 0.85 and a debt-to-equity ratio of 1.43.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WOOF shares. Morgan Stanley lowered their target price on Petco Health and Wellness from $5.00 to $4.50 and set an “equal weight” rating on the stock in a report on Friday, June 6th. Wells Fargo & Company increased their target price on Petco Health and Wellness from $3.00 to $3.50 and gave the company an “equal weight” rating in a report on Friday, June 6th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3.75.

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.