JPMorgan Chase & Co. Buys 613,591 Shares of Petco Health and Wellness Company, Inc. $WOOF

JPMorgan Chase & Co. grew its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 280.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 832,412 shares of the company’s stock after purchasing an additional 613,591 shares during the period. JPMorgan Chase & Co. owned approximately 0.26% of Petco Health and Wellness worth $3,221,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WOOF. Dimensional Fund Advisors LP grew its holdings in shares of Petco Health and Wellness by 8.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,311,806 shares of the company’s stock worth $36,032,000 after acquiring an additional 717,485 shares during the period. Vanguard Group Inc. lifted its stake in shares of Petco Health and Wellness by 8.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,416,496 shares of the company’s stock valued at $32,572,000 after purchasing an additional 621,026 shares during the period. Holocene Advisors LP lifted its stake in shares of Petco Health and Wellness by 42.0% in the 3rd quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock valued at $23,575,000 after purchasing an additional 1,800,583 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Petco Health and Wellness by 60.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after purchasing an additional 1,367,299 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Petco Health and Wellness by 17.9% during the third quarter. Two Sigma Investments LP now owns 2,638,619 shares of the company’s stock valued at $10,211,000 after purchasing an additional 399,979 shares in the last quarter.

Petco Health and Wellness Stock Performance

Petco Health and Wellness stock opened at $2.68 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.38 and a debt-to-equity ratio of 1.28. The business’s fifty day simple moving average is $2.70 and its two-hundred day simple moving average is $3.03. Petco Health and Wellness Company, Inc. has a 12 month low of $2.24 and a 12 month high of $4.51. The company has a market capitalization of $863.36 million, a price-to-earnings ratio of 89.33 and a beta of 1.62.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. Petco Health and Wellness’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. As a group, equities analysts predict that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on WOOF. Citigroup increased their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Monday, March 16th. Evercore reduced their target price on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a research report on Tuesday, February 3rd. UBS Group increased their price target on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. Jefferies Financial Group raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating and lifted their price target for the company from $4.05 to $5.00 in a research report on Thursday, March 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.06.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.