Posted by admin on Jul 19th, 2022 
Truist Financial Corp grew its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,380 shares of the company’s stock after acquiring an additional 3,290 shares during the quarter. Truist Financial Corp’s holdings in Petco Health and Wellness were worth $2,355,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in WOOF. Samalin Investment Counsel LLC raised its stake in shares of Petco Health and Wellness by 100.0% in the fourth quarter. Samalin Investment Counsel LLC now owns 2,000 shares of the company’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. Chimera Capital Management LLC purchased a new position in shares of Petco Health and Wellness in the fourth quarter worth $52,000. Focused Wealth Management Inc purchased a new position in shares of Petco Health and Wellness in the fourth quarter worth $87,000. First Horizon Advisors Inc. raised its stake in shares of Petco Health and Wellness by 6,297.2% in the fourth quarter. First Horizon Advisors Inc. now owns 4,606 shares of the company’s stock worth $91,000 after purchasing an additional 4,534 shares during the last quarter. Finally, Pinebridge Investments L.P. purchased a new position in shares of Petco Health and Wellness in the fourth quarter worth $96,000. 62.52% of the stock is owned by institutional investors.
In other news, insider Justin Tichy sold 6,500 shares of the company’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $15.74, for a total value of $102,310.00. Following the completion of the transaction, the insider now owns 78,142 shares of the company’s stock, valued at $1,229,955.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.
WOOF has been the subject of several recent analyst reports. Morgan Stanley assumed coverage on Petco Health and Wellness in a research note on Monday, May 16th. They issued an “equal weight” rating and a $21.00 price target for the company. Wells Fargo & Company reiterated a “buy” rating and set a $30.00 price objective on shares of Petco Health and Wellness in a research report on Thursday, March 24th. Citigroup reduced their price objective on Petco Health and Wellness from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. UBS Group reduced their price objective on Petco Health and Wellness to $17.00 in a research report on Wednesday, May 25th. Finally, The Goldman Sachs Group cut their price target on Petco Health and Wellness from $23.00 to $21.00 and set a “buy” rating for the company in a report on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.90.
NASDAQ WOOF opened at $14.21 on Tuesday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. The company has a quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $16.02 and a 200-day moving average price of $18.15. Petco Health and Wellness Company, Inc. has a twelve month low of $13.71 and a twelve month high of $26.21.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last released its quarterly earnings data on Tuesday, May 24th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. Petco Health and Wellness had a return on equity of 8.93% and a net margin of 3.09%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. As a group, equities research analysts predict that Petco Health and Wellness Company, Inc. will post 0.87 EPS for the current fiscal year.
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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.
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