Principal Financial Group Inc. Purchases Shares of 159,892 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

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

Several other hedge funds also recently modified their holdings of WOOF. Bank of New York Mellon Corp lifted its position in shares of Petco Health and Wellness by 253.9% in the second quarter. Bank of New York Mellon Corp now owns 721,630 shares of the company’s stock valued at $2,728,000 after buying an additional 517,738 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Petco Health and Wellness by 69.3% in the second quarter. Rhumbline Advisers now owns 126,631 shares of the company’s stock valued at $479,000 after buying an additional 51,840 shares during the period. Norden Group LLC lifted its position in Petco Health and Wellness by 31.7% during the second quarter. Norden Group LLC now owns 17,860 shares of the company’s stock worth $68,000 after purchasing an additional 4,301 shares during the period. Caprock Group LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth approximately $44,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of Petco Health and Wellness in the 2nd quarter valued at $252,000.

Petco Health and Wellness Price Performance

WOOF opened at $4.06 on Monday. The firm has a market cap of $1.27 billion, a P/E ratio of -10.15 and a beta of 1.90. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The firm has a 50-day moving average of $4.32 and a 200 day moving average of $3.93.

Analyst Ratings Changes

A number of research firms have issued reports on WOOF. Morgan Stanley lifted their target price on Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada restated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. Wells Fargo & Company increased their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, Citigroup upped their target price on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.25.

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.