Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Stock Holdings Raised by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,717,125 shares of the company’s stock after purchasing an additional 227,704 shares during the quarter. Vanguard Group Inc. owned approximately 2.52% of Petco Health and Wellness worth $31,563,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Citigroup Inc. lifted its holdings in Petco Health and Wellness by 172.9% in the third quarter. Citigroup Inc. now owns 150,250 shares of the company’s stock worth $615,000 after acquiring an additional 95,189 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Petco Health and Wellness by 94.3% during the third quarter. American Century Companies Inc. now owns 41,381 shares of the company’s stock valued at $169,000 after acquiring an additional 20,080 shares during the period. Graham Capital Management L.P. bought a new stake in Petco Health and Wellness during the third quarter worth approximately $436,000. Mercer Global Advisors Inc. ADV lifted its position in Petco Health and Wellness by 670.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 87,923 shares of the company’s stock worth $360,000 after purchasing an additional 76,509 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Petco Health and Wellness by 21.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,664,362 shares of the company’s stock worth $23,167,000 after buying an additional 993,062 shares in the last quarter.

Petco Health and Wellness Stock Up 0.5 %

Shares of Petco Health and Wellness stock opened at $1.86 on Friday. Petco Health and Wellness Company, Inc. has a 1 year low of $1.73 and a 1 year high of $10.76. The company has a market cap of $569.68 million, a P/E ratio of -0.39 and a beta of 1.15. The company has a current ratio of 0.86, a quick ratio of 0.24 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average price of $2.34 and a 200 day moving average price of $2.97.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. Petco Health and Wellness had a negative return on equity of 2.20% and a negative net margin of 20.47%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. As a group, analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WOOF shares. Jefferies Financial Group began coverage on Petco Health and Wellness in a research note on Tuesday, December 19th. They set a “hold” rating and a $3.11 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, March 13th. Royal Bank of Canada dropped their target price on shares of Petco Health and Wellness from $3.50 to $2.70 and set an “outperform” rating on the stock in a report on Friday, March 15th. UBS Group reduced their target price on shares of Petco Health and Wellness from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, March 20th. Finally, Evercore ISI dropped their price target on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.65.

Petco Health and Wellness 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.