Deutsche Bank AG Increases Position in Petco Health and Wellness Company, Inc. $WOOF

Key Points

• Deutsche Bank AG has increased its stake in Petco Health and Wellness by an impressive 1,005.9%, acquiring 720,723 additional shares during the first quarter, bringing its total ownership to 792,374 shares valued at $2.4 million.
• Several investment firms have also increased their positions in Petco, with Dimensional Fund Advisors LP boosting its holdings by 269.8% and other firms like Nuveen and Point72 making significant purchases in the fourth quarter.
• Research analysts have a mixed outlook on Petco, with Morgan Stanley lowering their price target from $5.00 to $4.50, while the consensus rating is currently a "Hold" with a price target of $3.75.

Deutsche Bank AG increased its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 1,005.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 792,374 shares of the company's stock after buying an additional 720,723 shares during the quarter. Deutsche Bank AG owned about 0.25% of Petco Health and Wellness worth $2,417,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WOOF. Dimensional Fund Advisors LP grew its holdings in shares of Petco Health and Wellness by 269.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock valued at $12,354,000 after buying an additional 2,365,654 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Petco Health and Wellness during the fourth quarter valued at $8,604,000. Driehaus Capital Management LLC purchased a new stake in shares of Petco Health and Wellness during the fourth quarter valued at $6,887,000. Nuveen Asset Management LLC boosted its holdings in Petco Health and Wellness by 513.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company's stock valued at $8,009,000 after purchasing an additional 1,759,570 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Petco Health and Wellness by 62.0% in the fourth quarter. Point72 Asset Management L.P. now owns 2,412,697 shares of the company's stock valued at $9,192,000 after purchasing an additional 923,735 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on WOOF. Morgan Stanley lowered their price target on shares of Petco Health and Wellness from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Friday, June 6th. Wells Fargo & Company upped their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an "equal weight" rating in a report on Friday, June 6th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $3.75.

Petco Health and Wellness Trading Down 1.7%

Shares of Petco Health and Wellness stock opened at $3.39 on Thursday. The firm has a 50-day simple moving average of $3.07 and a two-hundred day simple moving average of $3.04. The company has a market cap of $1.07 billion, a P/E ratio of -14.12 and a beta of 1.72. Petco Health and Wellness Company, Inc. has a fifty-two week low of $2.28 and a fifty-two week high of $6.29. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.25 and a current ratio of 0.85.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Petco Health and Wellness had a negative return on equity of 4.29% and a negative net margin of 1.10%.The company's revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) EPS. As a group, equities 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 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.

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