Bank of New York Mellon Corp Purchases 517,738 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Bank of New York Mellon Corp lifted its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 253.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 721,630 shares of the company’s stock after buying an additional 517,738 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.23% of Petco Health and Wellness worth $2,728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Petco Health and Wellness by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock worth $20,994,000 after buying an additional 1,254,554 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Petco Health and Wellness during the 1st quarter worth $1,260,000. Norden Group LLC bought a new position in shares of Petco Health and Wellness during the 1st quarter worth $309,000. Russell Investments Group Ltd. bought a new position in shares of Petco Health and Wellness during the 1st quarter worth $588,000. Finally, Wedmont Private Capital bought a new position in shares of Petco Health and Wellness during the 2nd quarter worth $81,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WOOF shares. Citigroup increased their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday. The Goldman Sachs Group decreased their price objective on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday. UBS Group upped their price objective on Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Wedbush restated an “outperform” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company upped their price objective on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and a consensus price target of $3.45.

Petco Health and Wellness Trading Up 0.9 %

Shares of NASDAQ:WOOF opened at $4.58 on Monday. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $4.99. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -0.93 and a beta of 1.88. The company has a quick ratio of 0.21, a current ratio of 0.84 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average price of $3.13 and a 200-day moving average price of $2.76.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts predict that Petco Health and Wellness Company, Inc. will post -0.24 EPS for the current year.

About Petco Health and Wellness

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.