Fmr LLC Acquires 959,960 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Fmr LLC increased its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 170.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,521,516 shares of the company’s stock after acquiring an additional 959,960 shares during the quarter. Fmr LLC owned about 0.49% of Petco Health and Wellness worth $6,923,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of WOOF. AQR Capital Management LLC boosted its position in Petco Health and Wellness by 82.1% during the 2nd quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock worth $22,661,000 after buying an additional 2,953,667 shares during the period. Marshall Wace LLP lifted its stake in shares of Petco Health and Wellness by 47.3% during the 2nd quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock valued at $12,857,000 after buying an additional 1,092,204 shares in the last quarter. Millennium Management LLC raised its position in shares of Petco Health and Wellness by 233.7% in the second quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after buying an additional 1,876,233 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock valued at $6,863,000 after purchasing an additional 1,677,179 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Petco Health and Wellness by 124.0% in the second quarter. Renaissance Technologies LLC now owns 1,128,038 shares of the company’s stock worth $4,264,000 after purchasing an additional 624,338 shares during the last quarter.

Petco Health and Wellness Price Performance

WOOF stock opened at $4.57 on Friday. The business has a fifty day moving average of $4.59 and a two-hundred day moving average of $3.88. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -11.43 and a beta of 1.89. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $6.29.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The company 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 net margin of 1.77% and a negative return on equity of 5.40%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. As a group, research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WOOF shares. Wedbush lifted their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Friday, December 6th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday. Royal Bank of Canada lifted their price target on shares of Petco Health and Wellness from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group dropped their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness currently has a consensus rating of “Hold” and a consensus target price of $4.16.

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.