Truist Financial Corp Reduces Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Truist Financial Corp cut its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOFGet Rating) by 41.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,537 shares of the company’s stock after selling 48,755 shares during the quarter. Truist Financial Corp’s holdings in Petco Health and Wellness were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WOOF. International Assets Investment Management LLC lifted its holdings in shares of Petco Health and Wellness by 4.9% in the second quarter. International Assets Investment Management LLC now owns 14,914 shares of the company’s stock worth $220,000 after buying an additional 690 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of 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 worth $213,000 after buying an additional 773 shares in the last quarter. Bailard Inc. lifted its holdings in shares of Petco Health and Wellness by 8.3% in the second quarter. Bailard Inc. now owns 11,800 shares of the company’s stock worth $174,000 after buying an additional 900 shares in the last quarter. Assetmark Inc. lifted its holdings 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 worth $27,000 after buying an additional 1,102 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new stake in shares of Petco Health and Wellness in the first quarter worth about $25,000. 62.27% of the stock is owned by hedge funds and other institutional investors.

Petco Health and Wellness Stock Up 2.8 %

Shares of NASDAQ WOOF opened at $10.88 on Friday. Petco Health and Wellness Company, Inc. has a one year low of $8.72 and a one year high of $22.75. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.28. The firm’s 50 day simple moving average is $10.04 and its two-hundred day simple moving average is $12.15. The stock has a market capitalization of $2.48 billion, a P/E ratio of 34.00, a PEG ratio of 3.70 and a beta of 0.86.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last issued its quarterly earnings results on Wednesday, November 30th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Petco Health and Wellness had a net margin of 1.46% and a return on equity of 7.32%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business earned $0.17 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. As a group, analysts expect that Petco Health and Wellness Company, Inc. will post 0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WOOF shares. Needham & Company LLC lowered their price target on shares of Petco Health and Wellness from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, November 28th. Robert W. Baird lowered their target price on shares of Petco Health and Wellness from $18.00 to $14.00 in a research note on Wednesday, November 30th. StockNews.com downgraded shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Saturday, December 10th. Wells Fargo & Company lowered their target price on shares of Petco Health and Wellness from $19.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, November 18th. Finally, Morgan Stanley lowered their target price on shares of Petco Health and Wellness from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 17th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness has an average rating of “Moderate Buy” and a consensus target price of $15.22.

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.

Further Reading

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.