13,016 Shares in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Acquired by Platform Technology Partners

Platform Technology Partners bought a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,016 shares of the company’s stock, valued at approximately $123,000.

A number of other large investors have also bought and sold shares of the business. Mackenzie Financial Corp increased its stake in Petco Health and Wellness by 4.1% during the 4th quarter. Mackenzie Financial Corp now owns 8,214,994 shares of the company’s stock worth $77,878,000 after purchasing an additional 320,598 shares in the last quarter. Vanguard Group Inc. increased its stake in Petco Health and Wellness by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,065,056 shares of the company’s stock worth $78,847,000 after purchasing an additional 66,322 shares in the last quarter. Macquarie Group Ltd. increased its stake in Petco Health and Wellness by 21.3% during the 1st quarter. Macquarie Group Ltd. now owns 5,919,766 shares of the company’s stock worth $53,278,000 after purchasing an additional 1,039,304 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Petco Health and Wellness by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,735,259 shares of the company’s stock worth $42,618,000 after purchasing an additional 220,155 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Petco Health and Wellness by 19.8% during the 1st quarter. Clearbridge Investments LLC now owns 4,432,694 shares of the company’s stock worth $86,748,000 after purchasing an additional 733,842 shares in the last quarter. 48.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WOOF shares. Bank of America lowered their target price on Petco Health and Wellness from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, August 25th. Morgan Stanley decreased their price target on shares of Petco Health and Wellness from $9.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, August 25th. Wells Fargo & Company decreased their price target on shares of Petco Health and Wellness from $11.00 to $7.00 and set an “overweight” rating for the company in a research note on Friday, August 25th. Evercore ISI increased their price objective on Petco Health and Wellness from $6.00 to $8.00 and gave the company an “in-line” rating in a report on Friday, September 8th. Finally, Needham & Company LLC cut their price objective on Petco Health and Wellness from $12.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 25th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.79.

Petco Health and Wellness Stock Down 5.6 %

Shares of NASDAQ WOOF opened at $4.06 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.33 and a current ratio of 0.95. Petco Health and Wellness Company, Inc. has a 52 week low of $4.03 and a 52 week high of $14.51. The stock has a market capitalization of $1.24 billion, a P/E ratio of 31.23, a PEG ratio of 29.39 and a beta of 1.21. The stock’s fifty day moving average is $6.78 and its 200 day moving average is $8.36.

Petco Health and Wellness (NASDAQ:WOOF) last released its earnings results on Thursday, August 24th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Petco Health and Wellness had a return on equity of 3.17% and a net margin of 0.59%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Sell-side analysts forecast that Petco Health and Wellness Company, Inc. will post 0.06 earnings per share for the current fiscal year.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. 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.