Empowered Funds LLC Raises Stock Holdings in Petco Health and Wellness Company, Inc. $WOOF

Key Points

• Empowered Funds LLC increased its holdings in Petco Health and Wellness by 21.3% in the first quarter, owning approximately 1.44 million shares worth $4.39 million by the end of the quarter.
• Analysts have mixed views on Petco, with a recent upgrade from a hold to a buy rating by Wall Street Zen, while others have set a consensus price target of $3.95.
• Petco's stock has underperformed, with shares trading at $3.46 and a -2.3% year-over-year revenue decline reported in their most recent earnings announcement.

Empowered Funds LLC increased its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 21.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,437,897 shares of the company's stock after buying an additional 252,653 shares during the quarter. Empowered Funds LLC owned about 0.46% of Petco Health and Wellness worth $4,386,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in Petco Health and Wellness by 40.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,841 shares of the company's stock worth $60,000 after buying an additional 4,526 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Petco Health and Wellness by 41.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company's stock worth $60,000 after buying an additional 4,610 shares in the last quarter. R Squared Ltd boosted its position in Petco Health and Wellness by 152.7% in the first quarter. R Squared Ltd now owns 10,670 shares of the company's stock worth $33,000 after purchasing an additional 6,447 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Petco Health and Wellness in the first quarter worth about $31,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Petco Health and Wellness by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 335,615 shares of the company's stock worth $1,279,000 after purchasing an additional 11,202 shares during the last quarter.

Petco Health and Wellness Stock Up 0.3%

Shares of NASDAQ WOOF traded up $0.01 during mid-day trading on Monday, reaching $3.47. 2,707,991 shares of the company were exchanged, compared to its average volume of 4,617,230. The company has a quick ratio of 0.31, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -34.70 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a 1 year low of $2.28 and a 1 year high of $6.29. The firm has a 50-day moving average of $3.35 and a 200 day moving average of $3.11.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.49 billion. Petco Health and Wellness had a negative return on equity of 1.71% and a negative net margin of 0.47%.The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) EPS. On average, research analysts expect that Petco Health and Wellness Company, Inc. will post -0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WOOF. Wall Street Zen raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Morgan Stanley dropped their target price on Petco Health and Wellness from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Friday, June 6th. UBS Group raised their target price on Petco Health and Wellness from $3.25 to $3.70 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Jefferies Financial Group raised their target price on Petco Health and Wellness from $4.05 to $4.15 and gave the stock a "hold" rating in a research report on Friday, August 29th. Finally, Guggenheim reissued a "neutral" rating on shares of Petco Health and Wellness in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $3.95.

About Petco Health and Wellness

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.