Posted by admin on Jul 8th, 2022 
Fifth Third Bancorp boosted its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) by 11.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,593 shares of the company’s stock after acquiring an additional 1,997 shares during the quarter. Fifth Third Bancorp’s holdings in Petco Health and Wellness were worth $383,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at $136,359,000. Principal Financial Group Inc. lifted its position in shares of Petco Health and Wellness by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,463,629 shares of the company’s stock valued at $28,965,000 after acquiring an additional 34,677 shares during the period. Pictet Asset Management SA lifted its position in shares of Petco Health and Wellness by 17.5% during the 4th quarter. Pictet Asset Management SA now owns 1,035,954 shares of the company’s stock valued at $20,502,000 after acquiring an additional 154,298 shares during the period. Bank of America Corp DE lifted its position in shares of Petco Health and Wellness by 17.7% during the 4th quarter. Bank of America Corp DE now owns 915,565 shares of the company’s stock valued at $18,119,000 after acquiring an additional 137,875 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of Petco Health and Wellness during the 4th quarter valued at $15,953,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.
WOOF has been the topic of a number of research reports. Morgan Stanley initiated coverage on shares of Petco Health and Wellness in a research report on Monday, May 16th. They set an “equal weight” rating and a $21.00 target price on the stock. UBS Group dropped their target price on shares of Petco Health and Wellness to $17.00 in a research report on Wednesday, May 25th. StockNews.com downgraded shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. The Goldman Sachs Group lowered their price objective on shares of Petco Health and Wellness from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, June 27th. Finally, Wedbush upped their price objective on shares of Petco Health and Wellness from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.58.
Shares of WOOF stock opened at $15.91 on Friday. The firm has a 50-day moving average of $16.73 and a 200-day moving average of $18.41. The company has a market cap of $3.62 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.04 and a quick ratio of 0.36. Petco Health and Wellness Company, Inc. has a one year low of $13.71 and a one year high of $26.21.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last announced its earnings results on Tuesday, May 24th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. Petco Health and Wellness had a net margin of 3.09% and a return on equity of 8.93%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. As a group, research analysts expect that Petco Health and Wellness Company, Inc. will post 0.87 earnings per share for the current fiscal year.
About Petco Health and Wellness (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.
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