Nuveen LLC Invests $6.34 Million in Petco Health and Wellness Company, Inc. $WOOF

Key Points

• Nuveen LLC acquired 2,079,133 shares of Petco Health and Wellness, valued at approximately $6,341,000, during the first quarter, representing 0.66% ownership of the company.
• Petco reported earnings of ($0.04) per share, missing the estimate, with quarterly revenue down by 2.3% from the previous year, totaling $1.49 billion.
• Analysts have mixed ratings on Petco stock, with target prices ranging from $3.00 to $5.00, and a consensus rating of "Hold" with a price target of $3.75.

Nuveen LLC bought a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,079,133 shares of the company's stock, valued at approximately $6,341,000. Nuveen LLC owned about 0.66% of Petco Health and Wellness at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP bought a new position in Petco Health and Wellness in the 4th quarter worth about $45,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Petco Health and Wellness by 40.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company's stock valued at $60,000 after acquiring an additional 4,526 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at approximately $1,428,000. Bank of America Corp DE boosted its holdings in shares of Petco Health and Wellness by 13.6% in the fourth quarter. Bank of America Corp DE now owns 1,099,137 shares of the company's stock valued at $4,188,000 after acquiring an additional 131,985 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Petco Health and Wellness by 269.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock valued at $12,354,000 after acquiring an additional 2,365,654 shares in the last quarter.

Petco Health and Wellness Trading Up 23.5%

Shares of NASDAQ:WOOF traded up $0.76 during mid-day trading on Friday, hitting $3.99. The stock had a trading volume of 23,259,005 shares, compared to its average volume of 3,085,378. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.25 and a current ratio of 0.85. The company has a market cap of $1.26 billion, a PE ratio of -39.90 and a beta of 1.72. Petco Health and Wellness Company, Inc. has a 12-month low of $2.28 and a 12-month high of $6.29. The company's 50 day moving average is $3.19 and its 200-day moving average is $3.05.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Petco Health and Wellness had a negative net margin of 0.47% and a negative return on equity of 1.72%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned ($0.02) EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts predict that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Petco Health and Wellness from $4.05 to $4.15 and gave the company a "hold" rating in a report on Friday. Robert W. Baird increased their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company a "neutral" rating in a report on Friday. Wells Fargo & Company increased their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the company an "equal weight" rating in a report on Friday. Morgan Stanley decreased their price objective on shares of Petco Health and Wellness from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Friday, June 6th. Finally, UBS Group increased their price objective on shares of Petco Health and Wellness from $3.25 to $3.70 and gave the company a "neutral" rating in a report on Friday. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Petco Health and Wellness has an average rating of "Hold" and an average price target of $3.95.

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.