Principal Financial Group Inc. Has $774,000 Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Principal Financial Group Inc. raised its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 27.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 203,121 shares of the company’s stock after purchasing an additional 43,229 shares during the quarter. Principal Financial Group Inc.’s holdings in Petco Health and Wellness were worth $774,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WOOF. Versor Investments LP bought a new position in shares of Petco Health and Wellness in the third quarter worth about $175,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Petco Health and Wellness by 30.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,079,122 shares of the company’s stock worth $4,910,000 after buying an additional 251,929 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Petco Health and Wellness in the 3rd quarter valued at $144,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Petco Health and Wellness in the 3rd quarter valued at $412,000. Finally, FMR LLC boosted its holdings in shares of Petco Health and Wellness by 170.9% during the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company’s stock valued at $6,923,000 after acquiring an additional 959,960 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WOOF. Wells Fargo & Company boosted 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. StockNews.com lowered Petco Health and Wellness from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Wedbush reissued an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Finally, Morgan Stanley reduced their target price on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.16.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $2.52 on Friday. The company has a market cap of $789.89 million, a P/E ratio of -6.30 and a beta of 1.88. The company has a fifty day simple moving average of $3.40 and a 200 day simple moving average of $3.96. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a 12-month low of $1.41 and a 12-month high of $6.29.

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.