Mackenzie Financial Corp. recently announced the acquisition of new stake in Petco Health and Wellness Co Inc (NASDAQ:WOOF). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.57% to 8.22 million shares with purchase of 46870.0 shares. This fresh investment now brings its stake to 3.58% valued currently at $24.83 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.22 million to 7.6 million shares. And PGIM Quantitative Solutions LLC has lifted its position by 1,099.30% or 5.17 million shares – to 5.64 million shares.
Currently, there are 228.34M common shares owned by the public and among those 150.74M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 78 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 1,615,121 shares. Insider sales of the common stock occurred on 59 occasions, with total insider shares sold totaling 455,807 shares.
The top 3 mutual fund holders in Petco Health and Wellness Co Inc are First Trust Consumer Discretionar, Mackenzie US Small-Mid Cap Growth, and T Rowe Price Small Cap Value Fund. First Trust Consumer Discretionar owns 3.36 million shares of the company’s stock, all valued at over $10.14 million. The company bought an additional 6952.0 shares recently to bring their total holdings to about 1.46% of the shares outstanding. T Rowe Price Small Cap Value Fund bought 0.14 million shares to bring its total holdings to over 3.12 million shares at a value of $9.43 million. T Rowe Price Small Cap Value Fund now owns shares totaling to 1.36% of the shares outstanding.
However, the script later moved the day high at 3.1000, down -5.86%. The company’s stock has a 5-day price change of -12.42% and -30.02% over the past three months. WOOF shares are trading -69.51% year to date (YTD), with the 12-month market performance down to -71.30% lower. It has a 12-month low price of $2.63 and touched a high of $12.57 over the same period. WOOF has an average intraday trading volume of 5.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.49%, -17.40%, and -57.89% respectively.
Institutional ownership of Petco Health and Wellness Co Inc (NASDAQ: WOOF) shares accounts for 56.15% of the company’s 228.34M shares outstanding. Mutual fund holders own 44.53%, while other institutional holders and individual stakeholders account for 65.31% and 21.03% respectively.
It has a market capitalization of $775.94M and a beta (3y monthly) value of 1.14. The earnings-per-share (ttm) stands at -$4.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.79% over the week and 9.48% over the month.
Analysts forecast that Petco Health and Wellness Co Inc (WOOF) will achieve an EPS of $0.03 for the current quarter, -$0.01 for the next quarter and $0.1 for 2025. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.15. Comparatively, EPS for the current quarter was $0.23 a year ago. Earnings per share for the fiscal year are expected to decrease by -82.85%, and 34.58% over the next financial year.
Looking at the support for the WOOF, a number of firms have released research notes about the stock. Robert W. Baird stated their Neutral rating for the stock in a research note on November 30, 2023, with the firm’s price target at $8-$3.
