Principal Financial Group Inc. Purchases New Shares in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Principal Financial Group Inc. acquired a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 159,892 shares of the company’s stock, valued at approximately $728,000. Principal Financial Group Inc. owned approximately 0.05% of Petco Health and Wellness at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Point72 Asset Management L.P. increased its position in shares of Petco Health and Wellness by 1,212.7% during the second quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after buying an additional 1,677,179 shares during the period. Vanguard Group Inc. grew its holdings 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 acquiring an additional 1,254,554 shares during the period. Susquehanna Fundamental Investments LLC raised its position in shares of Petco Health and Wellness by 50.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 833,153 shares of the company’s stock worth $3,149,000 after acquiring an additional 280,644 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Petco Health and Wellness in the 1st quarter valued at approximately $588,000. Finally, Wedmont Private Capital purchased a new position in shares of Petco Health and Wellness in the 2nd quarter valued at approximately $81,000.

Petco Health and Wellness Stock Performance

WOOF stock opened at $4.17 on Friday. The stock’s 50 day simple moving average is $4.60 and its 200 day simple moving average is $3.67. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 1.39. Petco Health and Wellness Company, Inc. has a 12-month low of $1.41 and a 12-month high of $5.94. The stock has a market capitalization of $1.30 billion, a PE ratio of -0.84 and a beta of 1.92.

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

Analyst Ratings Changes

A number of research firms have issued reports on WOOF. 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 report on Thursday, September 12th. Citigroup increased their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Wedbush boosted their price objective on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Royal Bank of Canada raised their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company lifted their target price on shares of 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.49.

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.