Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Stock Holdings Increased by Fmr LLC

FMR LLC lifted its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 170.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,521,516 shares of the company's stock after acquiring an additional 959,960 shares during the period. FMR LLC owned 0.49% of Petco Health and Wellness worth $6,923,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in Petco Health and Wellness in the 3rd quarter worth approximately $412,000. Intech Investment Management LLC purchased a new stake in shares of Petco Health and Wellness in the third quarter valued at $144,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Petco Health and Wellness by 30.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,079,122 shares of the company's stock valued at $4,910,000 after purchasing an additional 251,929 shares during the last quarter. Versor Investments LP purchased a new position in Petco Health and Wellness during the third quarter worth about $175,000. Finally, Principal Financial Group Inc. acquired a new stake in Petco Health and Wellness in the 3rd quarter worth about $728,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Wedbush increased their price target 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. The Goldman Sachs Group lowered their price objective 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. Morgan Stanley increased their target price on Petco Health and Wellness from $3.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada lifted their target price on Petco Health and Wellness from $5.00 to $6.00 and gave the company an "outperform" rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $4.16.

Petco Health and Wellness Trading Down 2.6 %

WOOF stock traded down $0.12 during trading hours on Friday, hitting $4.45. 4,014,374 shares of the stock traded hands, compared to its average volume of 4,567,426. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $6.29. The stock has a 50-day simple moving average of $4.59 and a 200 day simple moving average of $3.88.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last announced its earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate 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 company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period last year, the company posted ($0.01) earnings per share. The business's revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts expect that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current fiscal year.

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.