HB Wealth Management LLC Purchases 4,615 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

HB Wealth Management LLC grew its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 21.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,949 shares of the company’s stock after buying an additional 4,615 shares during the quarter. HB Wealth Management LLC’s holdings in Petco Health and Wellness were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Petco Health and Wellness by 253.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 721,630 shares of the company’s stock worth $2,728,000 after purchasing an additional 517,738 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Petco Health and Wellness in the 2nd quarter worth $58,000. TriaGen Wealth Management LLC purchased a new stake in shares of Petco Health and Wellness in the 2nd quarter worth $377,000. Diversified Trust Co purchased a new stake in shares of Petco Health and Wellness in the 2nd quarter worth $79,000. Finally, Wedmont Private Capital purchased a new stake in shares of Petco Health and Wellness in the 2nd quarter worth $81,000.

Petco Health and Wellness Stock Down 0.3 %

Shares of NASDAQ:WOOF opened at $3.19 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.21 and a debt-to-equity ratio of 1.35. Petco Health and Wellness Company, Inc. has a 12 month low of $1.41 and a 12 month high of $5.41. The company has a 50-day moving average price of $3.12 and a 200 day moving average price of $2.70. The company has a market cap of $991.40 million, a price-to-earnings ratio of -0.65 and a beta of 1.89.

Analyst Ratings Changes

A number of brokerages have issued reports on WOOF. Wedbush reiterated an “outperform” rating and issued a $5.00 price target (up previously from $4.00) on shares of Petco Health and Wellness in a research note on Thursday, July 18th. UBS Group increased their price target on Petco Health and Wellness from $2.50 to $3.25 and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. Citigroup increased their price target on Petco Health and Wellness from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Royal Bank of Canada increased their price target on Petco Health and Wellness from $2.70 to $3.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target on shares of Petco Health and Wellness in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.36.

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.