Balyasny Asset Management L.P. Reduces Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Balyasny Asset Management L.P. decreased its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 54.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,677,227 shares of the company's stock after selling 2,017,260 shares during the quarter. Balyasny Asset Management L.P. owned about 0.54% of Petco Health and Wellness worth $6,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WOOF. New York State Common Retirement Fund increased its stake in shares of Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock worth $44,000 after purchasing an additional 3,711 shares in the last quarter. Swiss National Bank raised its holdings in shares of Petco Health and Wellness by 2.6% during the fourth quarter. Swiss National Bank now owns 186,100 shares of the company's stock valued at $709,000 after acquiring an additional 4,800 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Petco Health and Wellness by 0.5% in the fourth quarter. Renaissance Technologies LLC now owns 990,700 shares of the company's stock valued at $3,775,000 after acquiring an additional 5,100 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Petco Health and Wellness by 14.3% in the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company's stock valued at $172,000 after purchasing an additional 5,660 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Petco Health and Wellness by 54.7% in the 4th quarter. Sei Investments Co. now owns 18,009 shares of the company's stock valued at $69,000 after purchasing an additional 6,371 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on WOOF. The Goldman Sachs Group raised their price target on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Royal Bank of Canada dropped their price target on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Citigroup reduced their price objective on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. UBS Group cut their target price on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, Wedbush decreased their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Petco Health and Wellness currently has a consensus rating of "Moderate Buy" and an average price target of $4.11.

Petco Health and Wellness Trading Up 1.3%

NASDAQ:WOOF traded up $0.04 on Monday, reaching $3.18. 4,120,426 shares of the company's stock were exchanged, compared to its average volume of 4,693,281. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -7.95 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a 52-week low of $1.71 and a 52-week high of $6.29. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The business has a fifty day moving average of $2.91 and a 200-day moving average of $3.54.

Petco Health and Wellness 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.