Barclays PLC increased its stake in Petco Health and Wellness Company (NASDAQ:WOOF – Free Report) by 112.7% in the third quarter, according to the company’s latest filing with the Securities and Exchange Commission. The company bought an additional 77,118 shares during the quarter, bringing its total holdings to 145,570 shares. Barclays PLC’s holdings in Petco Health and Wellness were worth $594,000 at the end of the most recent reporting period.
A number of other institutional investors also changed their positions in the stock. MetLife Investment Management LLC purchased a new position in Petco Health and Wellness during the 1st quarter valued at approximately $25,000. Gabelli Funds LLC grew its stake in Petco Health and Wellness by 5.4% in the 2nd quarter. Gabelli Funds LLC now owns 29,500 shares of the company’s stock valued at $263,000 after acquiring an additional 1,500 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Petco Health and Wellness by 61.9% in the 1st quarter. Advisory Services Network LLC now owns 4,065 shares of the company’s stock valued at $37,000 after purchasing an additional 1,554 shares during the period. Brinker Capital Investment LLC increased its holdings in shares of Petco Health and Wellness by 4.5% in the 1st quarter. Brinker Capital Investments LLC now owns 39,780 shares of the company’s stock valued at $778,000 after purchasing an additional 1,711 shares during the period. Finally, Osaic Holdings Inc. grew its stake in Petco Health and Wellness by 13.4% in the 2nd quarter. Osaic Holdings Inc. now owns 15,671 shares of the company’s stock valued at $140,000 after purchasing an additional 1,857 shares in the last quarter. 48.54% of the stock is held by institutional investors and hedge funds.
Wall Street analysts predict growth
WOOF has been the subject of several research analysis reports. Wedbush lowered their target price on shares of Petco Health & Wellness from $4.50 to $3.50 and gave the company an “outperform” rating in a report on Thursday, November 30th. Morgan Stanley lowered their target price on Petco Health & Wellness from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Monday, December 4th. Robert W. Baird lowered Petco Health & Wellness from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $8.00 to $3.00 in a report on Thursday, November 30th. Ta. Goldman Sachs Group lowered their target price on Petco Health & Wellness from $7.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Finally, Wells Fargo & Company downgraded shares of Petco Health & Wellness from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 29th. Nine investment analysts have rated the company’s stock a “hold” rating, and five have rated it a “buy” rating. The company has a consensus rating of “Hold” and an average price target of $5.80, based on data from MarketBeat.com.
Check out Petco’s latest health and wellness research report.
Insider activity
In other news, Director Gary S. Briggs purchased 30,000 shares of the stock in a transaction on Friday, December 1st. The shares were purchased at an average price of $3.33 per share, for a total transaction of $99,900.00. Following the completion of the transaction, the director now owns 70,085 shares of the company’s stock, valued at $233,383.05. The acquisition was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link. Insiders currently own 0.61% of the stock.
Petco Health and Wellness Stock Up 2.4%
Shares of WOOF stock began trading at $2.55 on Friday. The company’s 50-day moving average price is $2.76 and its 200-day moving average price is $3.75. The company has a current ratio of 0.90, a quick ratio of 0.25, and a debt-to-equity ratio of 1.32. Petco Health and Wellness Company has a 1 year low of $2.34 and a 1 year high of $10.86. The company has a market capitalization of $781.01 million, a P/E ratio of -0.56 and a beta of 1.13.
Petco Health & Wellness (NASDAQ:WOOF – Get Free Report) last issued its earnings results on Wednesday, November 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.07). Petco Health and Wellness had a negative net profit margin of 19.89% and a positive return on equity of 0.73%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company’s EPS was $0.11. Petco Health and Wellness’ revenue decreased 0.5% compared to the same period last year. Stock analysts on average predict that Petco Health and Wellness Company’s EPS for the current fiscal year will be -0.16.
Petco Health and Wellness Profile
(Free report)
Petco Health and Wellness Company, Inc operates as a health and wellness company focused on improving the lives of pets, pet parents, and Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care services through Vetco Mobile His Clinics, in addition to veterinary care, grooming, training, telemedicine, vital care and pet health insurance services.
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