JPMorgan Chase & Co. Buys 613,591 Shares of Petco Health and Wellness Company, Inc. $WOOF
JPMorgan Chase & Co. significantly increased its stake in Petco Health and Wellness Company, Inc. (WOOF) by 280.4% in the third quarter, acquiring 613,591 additional shares to hold a total of 832,412 shares. Other institutional investors like Dimensional Fund Advisors and Vanguard Group also boosted their positions. Despite these institutional buys, Petco recently missed earnings estimates, reporting ($0.01) EPS against an estimated $0.02, with revenue down 2.4% year-over-year, leading analysts to maintain a "Hold" rating with an average price target of $4.06.