Principal Financial Group Inc. Buys 25,831 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Principal Financial Group Inc. raised its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,428,952 shares of the company’s stock after purchasing an additional 25,831 shares during the period. Principal Financial Group Inc.’s holdings in Petco Health and Wellness were worth $30,150,000 at the end of the most recent reporting period.

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

A number of equities research analysts have recently weighed in on WOOF shares. 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 objective for the company. Wedbush upgraded shares of Petco Health and Wellness from a “neutral” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Monday, December 6th. Jefferies Financial Group lowered shares of Petco Health and Wellness from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a report on Monday, November 15th. Zacks Investment Research lowered shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a report on Thursday, November 25th. Finally, Citigroup lowered their price objective on shares of Petco Health and Wellness from $33.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $26.27.

Shares of Petco Health and Wellness stock opened at $18.47 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The company’s fifty day simple moving average is $20.42 and its two-hundred day simple moving average is $21.26. The company has a market cap of $4.19 billion and a P/E 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.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, November 17th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.37 billion. Petco Health and Wellness had a net margin of 2.30% and a return on equity of 8.27%. The firm’s revenue was up 14.6% on a year-over-year basis. Analysts predict that Petco Health and Wellness Company, Inc. will post 0.75 EPS for the current fiscal year.

In related news, CFO Brian Larose acquired 5,125 shares of Petco Health and Wellness stock in a transaction on Monday, December 6th. The shares were acquired at an average cost of $19.45 per share, with a total value of $99,681.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.02% of the stock is currently owned by insiders.

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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