Massachusetts Financial Services Co. MA raised its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) by 18.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,009,245 shares of the company’s stock after purchasing an additional 478,908 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.32% of Petco Health and Wellness worth $33,583,000 at the end of the most recent reporting period.
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Several other hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in Petco Health and Wellness by 4.9% during the 2nd quarter. International Assets Investment Management LLC now owns 14,914 shares of the company’s stock valued at $220,000 after purchasing an additional 690 shares during the last quarter. M&T Bank Corp lifted its holdings in Petco Health and Wellness by 5.4% during the 2nd quarter. M&T Bank Corp now owns 15,017 shares of the company’s stock valued at $213,000 after purchasing an additional 773 shares during the last quarter. Assetmark Inc. lifted its holdings in Petco Health and Wellness by 144.8% during the 2nd quarter. Assetmark Inc. now owns 1,863 shares of the company’s stock valued at $27,000 after purchasing an additional 1,102 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Petco Health and Wellness during the first quarter worth $25,000. Finally, Brinker Capital Investments LLC lifted its holdings in shares of Petco Health and Wellness by 4.5% during the first quarter. Brinker Capital Investments LLC now owns 39,780 shares of the company’s stock worth $778,000 after buying an additional 1,711 shares in the last quarter. Institutional investors and hedge funds own 62.27% of the company’s stock.
Petco Health and Wellness Stock Performance
Petco Health and Wellness stock opened at $11.10 on Monday. Petco Health and Wellness Company, Inc. has a 12-month low of $8.72 and a 12-month high of $22.75. The company has a quick ratio of 0.28, a current ratio of 0.96 and a debt-to-equity ratio of 0.70. The business’s 50-day moving average price is $10.44 and its two-hundred day moving average price is $11.78. The stock has a market cap of $2.53 billion, a PE ratio of 34.69, a P/E/G ratio of 4.21 and a beta of 1.04.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last released its quarterly earnings results on Wednesday, November 30th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Petco Health and Wellness had a return on equity of 7.32% and a net margin of 1.46%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, analysts expect that Petco Health and Wellness Company, Inc. will post 0.62 earnings per share for the current fiscal year.
Analysts Set New Price Targets
WOOF has been the subject of a number of research reports. UBS Group dropped their target price on Petco Health and Wellness from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, December 1st. Citigroup dropped their target price on Petco Health and Wellness from $19.00 to $15.00 in a report on Monday, October 31st. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Tuesday, February 7th. Morgan Stanley dropped their target price on Petco Health and Wellness from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, January 17th. Finally, Needham & Company LLC dropped their price target on Petco Health and Wellness from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, November 28th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.
Petco Health and Wellness Profile
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.
Further Reading
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