Principal Financial Group Inc. Has $774,000 Stock Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Principal Financial Group Inc. lifted its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 27.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,121 shares of the company’s stock after acquiring an additional 43,229 shares during the quarter. Principal Financial Group Inc. owned approximately 0.06% of Petco Health and Wellness worth $774,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Shade Tree Advisors LLC acquired a new position in Petco Health and Wellness in the fourth quarter valued at approximately $131,000. Empowered Funds LLC acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at $4,516,000. Bleakley Financial Group LLC boosted its position in shares of Petco Health and Wellness by 14.3% in the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company’s stock worth $172,000 after purchasing an additional 5,660 shares during the last quarter. Diversified Trust Co grew its stake in shares of Petco Health and Wellness by 57.2% during the fourth quarter. Diversified Trust Co now owns 25,486 shares of the company’s stock worth $97,000 after purchasing an additional 9,272 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Petco Health and Wellness by 328.0% in the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock valued at $8,014,000 after buying an additional 1,349,728 shares during the period.

Petco Health and Wellness Stock Down 0.8 %

WOOF opened at $2.52 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The stock’s fifty day simple moving average is $3.40 and its 200 day simple moving average is $3.96. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $6.29. The stock has a market cap of $789.89 million, a PE ratio of -6.30 and a beta of 1.88.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WOOF shares. Wedbush reiterated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Wednesday, February 19th. Wells Fargo & Company raised their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. StockNews.com downgraded shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a research report on Friday, December 20th. Finally, Morgan Stanley dropped their price target on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.16.

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.