Vanguard Group Inc. has increased its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Free Report) by 15.8% during the first quarter, as per its recent Form 13F filing with the SEC. The firm now owns 9,208,064 shares after acquiring an additional 1,254,554 shares, representing approximately 3.00% of Petco Health and Wellness, valued at $20,994,000.
Other institutional investors have also made moves in Petco. For instance, Headlands Technologies LLC purchased a new position valued at about $30,000, while Norden Group LLC and HB Wealth Management LLC acquired stakes valued at approximately $31,000 and $49,000, respectively. RPO LLC also entered with a new stake valued at about $84,000.
Petco Health and Wellness Stock Performance
As of Monday, shares of Petco Health and Wellness opened at $2.33. The stock has a market cap of $724.12 million, a PE ratio of -0.47, and a beta of 1.89. Its fifty-day simple moving average stands at $3.40, while the 200-day average is $2.67. The company has a quick ratio of 0.21 and a current ratio of 0.85, with a debt-to-equity ratio of 1.35. Notably, Petco has seen a 12-month low of $1.41 and a high of $7.41.
Petco last reported its earnings on May 22nd, revealing an EPS of ($0.09), surpassing the consensus estimate of ($0.12) by $0.03. The company generated revenue of $1.53 billion, exceeding analysts’ expectations of $1.50 billion. However, Petco has a negative return on equity of 4.22% and a negative net margin of 21.27%. Analysts predict an EPS of -0.24 for the current fiscal year.
Insider Transactions at Petco Health and Wellness
In recent news, Director Cameron Breitner acquired 750,000 shares on May 29th at an average cost of $3.14 per share, totaling $2,355,000. Following this acquisition, he now holds shares valued at the same amount. This transaction was disclosed in a filing with the SEC, accessible through this link. Currently, insiders own 2.40% of the stock.
Analyst Ratings Changes
Several analysts have recently issued reports on Petco. Wedbush maintained an “outperform” rating with a price target of $5.00, up from $4.00. Citigroup raised its target from $3.00 to $4.00, giving a “neutral” rating. Needham & Company reaffirmed a “buy” rating with a $5.00 target, while UBS Group increased its target from $2.50 to $3.25. Royal Bank of Canada also raised its target from $2.70 to $3.00, maintaining an “outperform” rating. Overall, the stock has one sell rating, nine hold ratings, and four buy ratings, with an average rating of “Hold” and a price target of $3.36 according to MarketBeat.
Read Our Latest Research Report on WOOF
Petco Health and Wellness Company Profile
Petco Health and Wellness Company, Inc. operates as a health and wellness company focused on enhancing the lives of pets, pet parents, and its partners across the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and pet health insurance services, along with veterinary services through Vetco mobile clinics.
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