Charles Schwab Investment Management Inc. Sells 286,223 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Charles Schwab Investment Management Inc. reduced its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 17.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,367,690 shares of the company's stock after selling 286,223 shares during the period. Charles Schwab Investment Management Inc. owned 0.44% of Petco Health and Wellness worth $6,223,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WOOF. AQR Capital Management LLC raised its position in Petco Health and Wellness by 82.1% in the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company's stock worth $22,661,000 after acquiring an additional 2,953,667 shares during the period. Millennium Management LLC raised its position in Petco Health and Wellness by 233.7% in the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company's stock worth $10,127,000 after acquiring an additional 1,876,233 shares during the period. Point72 Asset Management L.P. raised its position in Petco Health and Wellness by 1,212.7% in the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company's stock worth $6,863,000 after acquiring an additional 1,677,179 shares during the period. Marshall Wace LLP increased its stake in shares of Petco Health and Wellness by 47.3% in the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company's stock worth $12,857,000 after purchasing an additional 1,092,204 shares in the last quarter. Finally, Summit Trail Advisors LLC purchased a new position in shares of Petco Health and Wellness in the second quarter worth about $2,853,000.

Petco Health and Wellness Stock Performance

WOOF stock traded down $0.30 during midday trading on Thursday, reaching $4.61. The company had a trading volume of 2,798,655 shares, compared to its average volume of 4,566,225. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $6.29. The firm has a 50-day moving average price of $4.61 and a 200-day moving average price of $3.88.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting analysts' consensus estimates of ($0.02). Petco Health and Wellness had a negative net margin of 1.77% and a negative return on equity of 5.40%. The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the previous year, the company earned ($0.01) EPS. The business's quarterly revenue was down .5% compared to the same quarter last year. On average, research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WOOF shares. StockNews.com upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Monday. Royal Bank of Canada lifted their target price on shares of Petco Health and Wellness from $5.00 to $6.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. The Goldman Sachs Group reduced their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, September 12th. Wells Fargo & Company lifted their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Finally, Wedbush lifted their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $4.16.

Petco Health and Wellness Company 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.