Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Position Lifted by Neuberger Berman Group LLC

Neuberger Berman Group LLC raised its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Rating) by 17.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,614,597 shares of the company’s stock after acquiring an additional 543,389 shares during the quarter. Neuberger Berman Group LLC’s holdings in Petco Health and Wellness were worth $70,738,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new position in shares of Petco Health and Wellness in the 1st quarter worth about $128,843,000. Bank of New York Mellon Corp lifted its position in shares of Petco Health and Wellness by 422.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,451,917 shares of the company’s stock worth $28,416,000 after buying an additional 1,174,228 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Petco Health and Wellness by 49.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,522,015 shares of the company’s stock valued at $49,356,000 after purchasing an additional 837,473 shares during the last quarter. Clearbridge Investments LLC lifted its position in Petco Health and Wellness by 19.8% in the 1st quarter. Clearbridge Investments LLC now owns 4,432,694 shares of the company’s stock valued at $86,748,000 after purchasing an additional 733,842 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its position in Petco Health and Wellness by 5,226.9% in the 4th quarter. Point72 Asset Management L.P. now owns 713,379 shares of the company’s stock valued at $14,118,000 after purchasing an additional 699,987 shares during the last quarter. 68.23% of the stock is currently owned by institutional investors.

Petco Health and Wellness Stock Performance

Petco Health and Wellness stock opened at $14.41 on Friday. The firm’s 50 day simple moving average is $14.94 and its 200-day simple moving average is $17.08. The company has a market cap of $3.28 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 2.99 and a beta of 0.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.98 and a quick ratio of 0.28. Petco Health and Wellness Company, Inc. has a fifty-two week low of $12.88 and a fifty-two week high of $26.21.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last released its earnings results on Wednesday, August 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Petco Health and Wellness had a return on equity of 7.96% and a net margin of 2.03%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. As a group, equities research analysts predict that Petco Health and Wellness Company, Inc. will post 0.66 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WOOF shares. StockNews.com downgraded shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Citigroup lowered their target price on shares of Petco Health and Wellness from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th. Royal Bank of Canada assumed coverage on shares of Petco Health and Wellness in a research note on Tuesday, September 6th. They set an “outperform” rating and a $17.00 target price on the stock. Morgan Stanley lowered their target price on shares of Petco Health and Wellness from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 25th. Finally, Wedbush lowered their target price on shares of Petco Health and Wellness from $25.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.10.

Insider Transactions at Petco Health and Wellness

In other news, insider Justin Tichy sold 6,500 shares of Petco Health and Wellness stock in a transaction that occurred 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 transaction, the insider now directly owns 78,142 shares of the company’s stock, valued at $1,229,955.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by insiders.

Petco Health and Wellness Profile

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding WOOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Rating).

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

Receive News & Ratings for Petco Health and Wellness Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petco Health and Wellness and related companies with MarketBeat.com's FREE daily email newsletter.