Principal Financial Group Inc. Acquires New Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Principal Financial Group Inc. purchased a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 159,892 shares of the company's stock, valued at approximately $728,000. Principal Financial Group Inc. owned 0.05% of Petco Health and Wellness at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Point72 Asset Management L.P. increased its holdings in Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company's stock worth $6,863,000 after purchasing an additional 1,677,179 shares during the period. Vanguard Group Inc. lifted its stake in Petco Health and Wellness by 15.8% in the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company's stock worth $20,994,000 after acquiring an additional 1,254,554 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its position in shares of Petco Health and Wellness by 50.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company's stock valued at $3,149,000 after purchasing an additional 280,644 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Petco Health and Wellness in the 1st quarter valued at $588,000. Finally, Wedmont Private Capital purchased a new stake in shares of Petco Health and Wellness during the 2nd quarter worth $81,000.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $4.17 on Friday. The company's fifty day moving average is $4.60 and its two-hundred day moving average is $3.67. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $5.94. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The company has a market capitalization of $1.30 billion, a P/E ratio of -0.84 and a beta of 1.92.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the company posted ($0.01) earnings per share. The business's revenue was down .5% on a year-over-year basis. Analysts forecast that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wedbush increased their target price on Petco Health and Wellness from $5.00 to $5.50 and gave the company an "outperform" rating in a report on Friday, October 18th. Citigroup raised their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a "neutral" rating in a research report on Thursday, September 12th. Wells Fargo & Company upped their price target on Petco Health and Wellness from $2.75 to $3.00 and gave the company an "equal weight" rating in a report on Wednesday, September 11th. The Goldman Sachs Group cut their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Thursday, September 12th. Finally, Royal Bank of Canada upped their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an "outperform" rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of "Hold" and a consensus price target of $3.49.

Petco Health and Wellness 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.