Baird Financial Group Inc. lowered its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,983 shares of the company’s stock after selling 2,861 shares during the quarter. Baird Financial Group Inc.’s holdings in Petco Health and Wellness were worth $427,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income lifted its holdings in shares of Petco Health and Wellness by 7.2% in the 2nd quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 577,680 shares of the company’s stock worth $8,515,000 after acquiring an additional 38,770 shares during the last quarter. M&T Bank Corp raised its position in Petco Health and Wellness by 5.4% in the second quarter. M&T Bank Corp now owns 15,017 shares of the company’s stock valued at $213,000 after purchasing an additional 773 shares during the period. Gerber Kawasaki Wealth & Investment Management lifted its stake in Petco Health and Wellness by 5.3% during the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 230,740 shares of the company’s stock worth $3,400,000 after purchasing an additional 11,619 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Petco Health and Wellness by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 119,083 shares of the company’s stock worth $1,755,000 after buying an additional 2,278 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Petco Health and Wellness by 144.8% in the second quarter. Assetmark Inc. now owns 1,863 shares of the company’s stock valued at $27,000 after buying an additional 1,102 shares in the last quarter. 68.23% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
WOOF has been the subject of a number of research analyst reports. Royal Bank of Canada began coverage on Petco Health and Wellness in a report on Tuesday, September 6th. They set an “outperform” rating and a $17.00 target price for the company. Morgan Stanley dropped 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 report on Thursday, August 25th. Citigroup cut their target price on shares of Petco Health and Wellness from $19.00 to $15.00 in a research note on Monday, October 31st. The Goldman Sachs Group decreased their price target 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, Wedbush reduced their price objective on 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Petco Health and Wellness presently has an average rating of “Moderate Buy” and a consensus target price of $18.78.
Petco Health and Wellness Stock Performance
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last released its quarterly earnings data on Wednesday, August 24th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Petco Health and Wellness had a net margin of 2.03% and a return on equity of 7.96%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. Sell-side analysts predict that Petco Health and Wellness Company, Inc. will post 0.64 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Justin Tichy sold 6,500 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 341,254 shares in the company, valued at approximately $3,361,351.90. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.55% of the stock is owned by corporate insiders.
About Petco Health and Wellness
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.
- Get a free copy of the StockNews.com research report on Petco Health and Wellness (WOOF)
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