New York State Common Retirement Fund Lowers Stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

New York State Common Retirement Fund reduced its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 49.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,994 shares of the company’s stock after selling 61,591 shares during the period. New York State Common Retirement Fund’s holdings in Petco Health and Wellness were worth $1,308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in Petco Health and Wellness by 44.2% during the 2nd quarter. Vanguard Group Inc. now owns 6,809,223 shares of the company’s stock valued at $152,595,000 after acquiring an additional 2,087,179 shares during the period. Wells Fargo & Company MN lifted its position in Petco Health and Wellness by 169.0% during the 2nd quarter. Wells Fargo & Company MN now owns 4,966,303 shares of the company’s stock valued at $111,294,000 after acquiring an additional 3,120,200 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Petco Health and Wellness by 5.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,214,757 shares of the company’s stock valued at $94,453,000 after acquiring an additional 217,717 shares during the period. Franklin Resources Inc. lifted its position in Petco Health and Wellness by 16.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,550,885 shares of the company’s stock valued at $79,575,000 after acquiring an additional 497,196 shares during the period. Finally, BlackRock Inc. lifted its position in Petco Health and Wellness by 11.5% during the 2nd quarter. BlackRock Inc. now owns 3,047,544 shares of the company’s stock valued at $68,296,000 after acquiring an additional 313,463 shares during the period. 61.38% of the stock is owned by institutional investors.

In other news, CFO Brian Larose acquired 5,125 shares of the company’s stock in a transaction dated Monday, December 6th. The shares were acquired at an average price of $19.45 per share, with a total value of $99,681.25. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.02% of the stock is owned by company insiders.

Several brokerages have issued reports on WOOF. Jefferies Financial Group cut shares of Petco Health and Wellness from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a report on Monday, November 15th. Zacks Investment Research downgraded shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Thursday, November 25th. Citigroup cut their price objective on shares of Petco Health and Wellness from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, November 19th. Needham & Company LLC started coverage on shares of Petco Health and Wellness in a report on Thursday, December 16th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Wedbush upgraded shares of Petco Health and Wellness from a “neutral” rating to an “outperform” rating and set a $23.00 target price on the stock in a report on Monday, December 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $26.27.

WOOF opened at $18.47 on Friday. The firm has a market capitalization of $4.19 billion and a PE ratio of 38.48. Petco Health and Wellness Company, Inc. has a 12-month low of $17.00 and a 12-month high of $30.39. The firm has a 50 day moving average of $20.42 and a two-hundred day moving average of $21.26. The company has a current ratio of 0.96, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, November 17th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Petco Health and Wellness had a net margin of 2.30% and a return on equity of 8.27%. The business’s revenue was up 14.6% compared to the same quarter last year. As a group, analysts predict that Petco Health and Wellness Company, Inc. will post 0.75 EPS for the current fiscal year.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc operates as a retailer of premium pet consumables, supplies, and companion animals and services. The company also offers grooming, in-store and online training, tele-veterinarian, and pet health insurance services, as well as veterinary services through Vetco clinics.

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Institutional Ownership by Quarter for Petco Health and Wellness (NASDAQ:WOOF)

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