The Manufacturers Life Insurance Company Acquires New Shares in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

The Manufacturers Life Insurance Company acquired a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,835 shares of the company’s stock, valued at approximately $135,000.

Several other hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in shares of Petco Health and Wellness by 0.4% during the 2nd quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company’s stock valued at $4,047,000 after acquiring an additional 4,052 shares during the last quarter. Norden Group LLC lifted its stake in shares of Petco Health and Wellness by 31.7% in the second quarter. Norden Group LLC now owns 17,860 shares of the company’s stock worth $68,000 after buying an additional 4,301 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Petco Health and Wellness by 21.6% in the second quarter. HB Wealth Management LLC now owns 25,949 shares of the company’s stock worth $98,000 after buying an additional 4,615 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Petco Health and Wellness by 12.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company’s stock worth $104,000 after buying an additional 4,836 shares during the period. Finally, Caprock Group LLC acquired a new position in Petco Health and Wellness in the 2nd quarter valued at $44,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on WOOF shares. Wedbush boosted their target price on shares of Petco Health and Wellness from $5.00 to $5.50 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company boosted their price objective on Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Citigroup increased their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Royal Bank of Canada upped their price target on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, The Goldman Sachs Group lowered their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.49.

Petco Health and Wellness Price Performance

NASDAQ:WOOF opened at $4.93 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.24 and a current ratio of 0.84. The company has a 50-day moving average of $3.95 and a 200-day moving average of $3.20. Petco Health and Wellness Company, Inc. has a 52 week low of $1.41 and a 52 week high of $5.94. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -1.00 and a beta of 1.92.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the company earned ($0.01) earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 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.