US Bancorp DE Decreases Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

US Bancorp DE lowered its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 30.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,419 shares of the company’s stock after selling 4,664 shares during the period. US Bancorp DE’s holdings in Petco Health and Wellness were worth $47,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of Petco Health and Wellness by 82.1% in the 2nd quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock valued at $22,661,000 after purchasing an additional 2,953,667 shares during the last quarter. Millennium Management LLC lifted its position in 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 during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Petco Health and Wellness during the first quarter worth $4,091,000. Point72 Asset Management L.P. increased its position in 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 acquiring an additional 1,677,179 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Petco Health and Wellness by 15.8% in the first quarter. Vanguard Group Inc. now owns 9,208,064 shares of the company’s stock valued at $20,994,000 after acquiring an additional 1,254,554 shares during the period.

Petco Health and Wellness Stock Down 4.3 %

Shares of NASDAQ WOOF opened at $4.01 on Monday. Petco Health and Wellness Company, Inc. has a 12-month low of $1.41 and a 12-month high of $5.94. The stock’s fifty day simple moving average is $4.58 and its two-hundred day simple moving average is $3.60. The stock has a market capitalization of $1.25 billion, a PE ratio of -0.81 and a beta of 1.92. 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 (NASDAQ:WOOF) last posted its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, analysts expect that Petco Health and Wellness Company, Inc. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on WOOF shares. Citigroup lifted 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. Wells Fargo & Company upped their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group decreased their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Royal Bank of Canada upped their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Finally, Wedbush lifted their target price on Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.49.

Petco Health and Wellness 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.