Charles Schwab Investment Management Inc. Has $3.77 Million Stake in Petco Health and Wellness Company, Inc. $WOOF

Charles Schwab Investment Management Inc. increased its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 15.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,236,396 shares of the company’s stock after purchasing an additional 168,465 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.39% of Petco Health and Wellness worth $3,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Petco Health and Wellness by 269.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock worth $12,354,000 after buying an additional 2,365,654 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in shares of Petco Health and Wellness during the fourth quarter worth approximately $8,604,000. Driehaus Capital Management LLC acquired a new position in shares of Petco Health and Wellness during the fourth quarter worth approximately $6,887,000. Nuveen Asset Management LLC lifted its holdings in shares of Petco Health and Wellness by 513.6% during the fourth quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company’s stock worth $8,009,000 after buying an additional 1,759,570 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Petco Health and Wellness by 62.0% during the fourth quarter. Point72 Asset Management L.P. now owns 2,412,697 shares of the company’s stock worth $9,192,000 after buying an additional 923,735 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Jefferies Financial Group upped their price target on Petco Health and Wellness from $4.05 to $4.15 and gave the stock a “hold” rating in a report on Friday. UBS Group upped their target price on Petco Health and Wellness from $3.25 to $3.70 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley cut their target price on Petco Health and Wellness from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Friday, June 6th. Robert W. Baird upped their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Wells Fargo & Company upped their target price on Petco Health and Wellness from $3.50 to $4.00 and gave the company an “equal weight” rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Petco Health and Wellness has a consensus rating of “Hold” and a consensus target price of $3.95.

Petco Health and Wellness Price Performance

Shares of WOOF stock opened at $3.99 on Friday. The stock’s fifty day moving average is $3.19 and its 200-day moving average is $3.05. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.25 and a current ratio of 0.85. The stock has a market capitalization of $1.26 billion, a PE ratio of -39.90 and a beta of 1.72. Petco Health and Wellness Company, Inc. has a 52 week low of $2.28 and a 52 week high of $6.29.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Petco Health and Wellness had a negative return on equity of 1.72% and a negative net margin of 0.47%.The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts expect that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current fiscal year.

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.