Bank of New York Mellon Corp Sells 307,505 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Bank of New York Mellon Corp lessened its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 57.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 229,961 shares of the company's stock after selling 307,505 shares during the period. Bank of New York Mellon Corp owned approximately 0.07% of Petco Health and Wellness worth $701,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WOOF. Aster Capital Management DIFC Ltd bought a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $25,000. Scotia Capital Inc. bought a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $41,000. Teacher Retirement System of Texas bought a new stake in Petco Health and Wellness in the first quarter valued at approximately $42,000. Quantinno Capital Management LP bought a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $45,000. Finally, Bank of Nova Scotia bought a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $50,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an "equal weight" rating in a research note on Friday, June 6th. Morgan Stanley lowered 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 research report on Friday, June 6th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $3.75.

Petco Health and Wellness Stock Down 3.0%

Shares of WOOF stock opened at $2.92 on Friday. The company has a market capitalization of $920.18 million, a price-to-earnings ratio of -12.17 and a beta of 1.72. Petco Health and Wellness Company, Inc. has a 12-month low of $2.23 and a 12-month high of $6.29. The firm has a fifty day moving average of $3.08 and a 200-day moving average of $3.08. The company has a quick ratio of 0.25, a current ratio of 0.85 and a debt-to-equity ratio of 1.43.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Petco Health and Wellness had a negative net margin of 1.10% and a negative return on equity of 4.29%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the business posted ($0.04) EPS. As a group, equities research analysts predict that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current fiscal year.

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.

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