Steward Partners Investment Advisory LLC Has $110,000 Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Steward Partners Investment Advisory LLC raised its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Rating) by 180.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,600 shares of the company’s stock after buying an additional 3,600 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Petco Health and Wellness were worth $110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Petco Health and Wellness by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,463,629 shares of the company’s stock worth $28,965,000 after purchasing an additional 34,677 shares in the last quarter. Pictet Asset Management SA lifted its position in shares of Petco Health and Wellness by 17.5% during the fourth quarter. Pictet Asset Management SA now owns 1,035,954 shares of the company’s stock worth $20,502,000 after purchasing an additional 154,298 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Petco Health and Wellness by 17.7% during the fourth quarter. Bank of America Corp DE now owns 915,565 shares of the company’s stock worth $18,119,000 after purchasing an additional 137,875 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Petco Health and Wellness during the fourth quarter worth approximately $15,953,000. Finally, Point72 Asset Management L.P. lifted its position in shares of Petco Health and Wellness by 5,226.9% during the fourth quarter. Point72 Asset Management L.P. now owns 713,379 shares of the company’s stock worth $14,118,000 after purchasing an additional 699,987 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $13.87 on Wednesday. Petco Health and Wellness Company, Inc. has a 12 month low of $12.88 and a 12 month high of $26.21. The firm has a fifty day simple moving average of $15.36 and a 200 day simple moving average of $17.79. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.61 and a beta of 0.75. The company has a current ratio of 1.04, a quick ratio of 0.36 and a debt-to-equity ratio of 0.72.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last announced its earnings results on Tuesday, May 24th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Petco Health and Wellness had a net margin of 3.09% and a return on equity of 8.93%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. Research analysts forecast that Petco Health and Wellness Company, Inc. will post 0.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Petco Health and Wellness from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, June 27th. UBS Group dropped their price target on shares of Petco Health and Wellness to $17.00 in a research note on Wednesday, May 25th. Citigroup dropped their price target on shares of Petco Health and Wellness from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, May 25th. Wedbush dropped their price target on shares of Petco Health and Wellness from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Finally, Robert W. Baird dropped their price target on shares of Petco Health and Wellness from $25.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, May 24th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.20.

Insider Buying and Selling at Petco Health and Wellness

In other Petco Health and Wellness news, insider Justin Tichy sold 6,500 shares of the stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $15.74, for a total value of $102,310.00. Following the completion of the sale, the insider now owns 78,142 shares in the company, valued at $1,229,955.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

About Petco Health and Wellness

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Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. 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.

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Institutional Ownership by Quarter for Petco Health and Wellness (NASDAQ:WOOF)

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