Principal Financial Group Inc. Invests $728,000 in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Principal Financial Group Inc. acquired a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the third quarter, HoldingsChannel.com reports. The fund acquired 159,892 shares of the company’s stock, valued at approximately $728,000.

Several other large investors also recently added to or reduced their stakes in WOOF. Caprock Group LLC purchased a new position in shares of Petco Health and Wellness during the 2nd quarter worth $44,000. Choreo LLC purchased a new position in Petco Health and Wellness during the second quarter valued at $45,000. Frank Rimerman Advisors LLC bought a new stake in Petco Health and Wellness during the second quarter valued at about $50,000. nVerses Capital LLC purchased a new stake in Petco Health and Wellness in the second quarter worth about $52,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Petco Health and Wellness in the second quarter worth about $58,000.

Petco Health and Wellness Price Performance

WOOF stock opened at $4.17 on Friday. Petco Health and Wellness Company, Inc. has a 52 week low of $1.41 and a 52 week high of $5.94. The firm has a market capitalization of $1.30 billion, a P/E ratio of -0.84 and a beta of 1.92. The company has a fifty day simple moving average of $4.60 and a two-hundred day simple moving average of $3.67. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 1.39.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Petco Health and Wellness had a negative return on equity of 6.51% and a negative net margin of 21.46%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the business posted ($0.01) earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Analysts anticipate that Petco Health and Wellness Company, Inc. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on WOOF. Wedbush increased 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 report on Friday, October 18th. Citigroup raised their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company upped their target price on shares of Petco Health and Wellness from $2.75 to $3.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. The Goldman Sachs Group decreased their price target on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Royal Bank of Canada upped their price objective on Petco Health and Wellness from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.49.

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.