Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Rating) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,083 shares of the company’s stock after purchasing an additional 2,278 shares during the period. Envestnet Asset Management Inc.’s holdings in Petco Health and Wellness were worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of Petco Health and Wellness by 144.8% in the 2nd quarter. Assetmark Inc. now owns 1,863 shares of the company’s stock valued at $27,000 after purchasing an additional 1,102 shares during the period. Aigen Investment Management LP acquired a new position in shares of Petco Health and Wellness in the 2nd quarter valued at $831,000. Treasurer of the State of North Carolina lifted its stake in shares of Petco Health and Wellness by 67.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 34,036 shares of the company’s stock valued at $502,000 after purchasing an additional 13,657 shares during the period. First Horizon Advisors Inc. acquired a new position in shares of Petco Health and Wellness in the 2nd quarter valued at $70,000. Finally, Parallel Advisors LLC lifted its stake in shares of Petco Health and Wellness by 470.4% in the 2nd quarter. Parallel Advisors LLC now owns 3,850 shares of the company’s stock valued at $57,000 after purchasing an additional 3,175 shares during the period. 68.23% of the stock is currently owned by institutional investors and hedge funds.

Petco Health and Wellness Price Performance

Petco Health and Wellness stock opened at $9.61 on Friday. Petco Health and Wellness Company, Inc. has a 52-week low of $9.14 and a 52-week high of $22.75. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.01 and a beta of 0.78. The company has a fifty day simple moving average of $11.30 and a 200-day simple moving average of $14.25. The company has a quick ratio of 0.28, a current ratio of 0.98 and a debt-to-equity ratio of 0.72.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last released its earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Petco Health and Wellness had a return on equity of 7.96% and a net margin of 2.03%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company earned $0.21 EPS. Petco Health and Wellness’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Petco Health and Wellness Company, Inc. will post 0.64 EPS for the current fiscal year.

Insider Activity at Petco Health and Wellness

In related news, insider Justin Tichy sold 6,500 shares of the company’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $9.85, for a total value of $64,025.00. Following the completion of the sale, the insider now owns 341,254 shares of the company’s stock, valued at $3,361,351.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WOOF shares. Wedbush decreased their target price 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. Royal Bank of Canada started coverage on shares of Petco Health and Wellness in a research report on Tuesday, September 6th. They set an “outperform” rating and a $17.00 price objective for the company. Morgan Stanley reduced their price objective on shares of Petco Health and Wellness from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, August 25th. The Goldman Sachs Group reduced their price objective on shares of Petco Health and Wellness from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, October 4th. Finally, Citigroup reduced their price objective on shares of Petco Health and Wellness from $19.00 to $15.00 in a research report on Monday, October 31st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.78.

Petco Health and Wellness Company 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.

See Also

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.