Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Bought by Arizona State Retirement System

Arizona State Retirement System grew its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,723 shares of the company’s stock after purchasing an additional 994 shares during the period. Arizona State Retirement System’s holdings in Petco Health and Wellness were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WOOF. MetLife Investment Management LLC bought a new position in Petco Health and Wellness during the first quarter worth about $25,000. Brinker Capital Investments LLC raised its stake in shares of Petco Health and Wellness by 4.5% in the first quarter. Brinker Capital Investments LLC now owns 39,780 shares of the company’s stock valued at $778,000 after acquiring an additional 1,711 shares during the last quarter. Centaurus Financial Inc. raised its stake in shares of Petco Health and Wellness by 16.4% in the third quarter. Centaurus Financial Inc. now owns 13,300 shares of the company’s stock valued at $148,000 after acquiring an additional 1,875 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Petco Health and Wellness by 15.3% in the third quarter. Ensign Peak Advisors Inc now owns 14,390 shares of the company’s stock valued at $161,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Petco Health and Wellness by 9.3% in the third quarter. Gabelli Funds LLC now owns 23,500 shares of the company’s stock valued at $262,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 62.27% of the company’s stock.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $10.18 on Wednesday. The firm has a fifty day moving average of $9.53 and a two-hundred day moving average of $10.10. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 11.22 and a beta of 1.02. Petco Health and Wellness Company, Inc. has a 52 week low of $7.59 and a 52 week high of $17.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.36 and a current ratio of 0.99.

Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last issued its earnings results on Wednesday, March 22nd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.55 billion. Petco Health and Wellness had a net margin of 1.50% and a return on equity of 6.57%. As a group, equities research analysts predict that Petco Health and Wellness Company, Inc. will post 0.33 EPS for the current year.

Insider Activity at Petco Health and Wellness

In other news, CEO Ron Coughlin acquired 61,040 shares of the stock in a transaction that occurred on Tuesday, March 28th. The stock was acquired at an average price of $8.27 per share, for a total transaction of $504,800.80. Following the transaction, the chief executive officer now directly owns 618,317 shares in the company, valued at $5,113,481.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WOOF has been the subject of a number of research analyst reports. Gordon Haskett initiated coverage on shares of Petco Health and Wellness in a research note on Friday, April 28th. They issued a “hold” rating and a $10.00 target price for the company. Evercore ISI cut their target price on shares of Petco Health and Wellness from $12.00 to $10.00 and set an “in-line” rating for the company in a research note on Thursday, March 23rd. Robert W. Baird lowered their price target on shares of Petco Health and Wellness from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Wednesday, March 22nd. StockNews.com began coverage on shares of Petco Health and Wellness in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Bank of America dropped their price objective on shares of Petco Health and Wellness from $18.00 to $14.50 and set a “buy” rating for the company in a research report on Wednesday, March 29th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.75.

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.