Vanguard Personalized Indexing Management LLC Makes New Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Vanguard Personalized Indexing Management LLC bought a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,707 shares of the company’s stock, valued at approximately $78,000.

A number of other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of Petco Health and Wellness by 124.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,128,038 shares of the company’s stock valued at $4,264,000 after purchasing an additional 624,338 shares during the last quarter. SYM FINANCIAL Corp acquired a new position in Petco Health and Wellness in the 2nd quarter valued at $61,000. American Century Companies Inc. raised its position in Petco Health and Wellness by 50.6% during the 2nd quarter. American Century Companies Inc. now owns 142,036 shares of the company’s stock worth $537,000 after buying an additional 47,750 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Petco Health and Wellness by 216.8% in the 2nd quarter. Headlands Technologies LLC now owns 41,718 shares of the company’s stock worth $158,000 after acquiring an additional 28,549 shares during the period. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of Petco Health and Wellness in the second quarter valued at about $94,000.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WOOF. Royal Bank of Canada upped their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Citigroup raised their price objective on 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 reiterated an “outperform” rating and set a $5.00 target price on shares of Petco Health and Wellness in a research report on Wednesday, September 11th. Wells Fargo & Company upped their target price 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. Finally, The Goldman Sachs Group lowered their target price on 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.45.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF opened at $4.47 on Wednesday. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $5.09. The firm has a market capitalization of $1.39 billion, a PE ratio of -0.91 and a beta of 1.88. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.84 and a quick ratio of 0.24. The business’s fifty day moving average price is $3.41 and its two-hundred day moving average price is $2.94.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. Petco Health and Wellness’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) earnings per share. On average, research analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current 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.