Brevan Howard Capital Management LP acquired a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 84,516 shares of the company's stock, valued at approximately $322,000.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Petco Health and Wellness by 328.0% in the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company's stock valued at $8,014,000 after purchasing an additional 1,349,728 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Petco Health and Wellness by 14.3% in the fourth 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. Principal Financial Group Inc. lifted its stake in Petco Health and Wellness by 27.0% in the fourth quarter. Principal Financial Group Inc. now owns 203,121 shares of the company's stock valued at $774,000 after purchasing an additional 43,229 shares during the last quarter. Norges Bank purchased a new position in Petco Health and Wellness in the fourth quarter valued at approximately $8,864,000. Finally, Commonwealth Equity Services LLC purchased a new position in Petco Health and Wellness in the fourth quarter valued at approximately $89,000.
Petco Health and Wellness Price Performance
Shares of Petco Health and Wellness stock traded down $0.04 during trading on Wednesday, hitting $3.17. 2,616,040 shares of the stock traded hands, compared to its average volume of 4,667,221. 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 stock has a market cap of $998.95 million, a price-to-earnings ratio of -7.93 and a beta of 1.74. The firm's fifty day moving average is $2.93 and its 200-day moving average is $3.54. Petco Health and Wellness Company, Inc. has a 52 week low of $2.15 and a 52 week high of $6.29.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on WOOF shares. The Goldman Sachs Group increased their target price on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Wedbush lowered their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. StockNews.com upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Robert W. Baird lowered their price objective on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Citigroup lowered 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.11.
Check Out Our Latest Stock Report on WOOF
Petco Health and Wellness Profile
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Free Report)
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.
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