Bridgeway Capital Management LLC Takes Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Bridgeway Capital Management LLC bought a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,258,244 shares of the company's stock, valued at approximately $8,604,000. Bridgeway Capital Management LLC owned approximately 0.72% of Petco Health and Wellness at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Petco Health and Wellness by 269.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock valued at $12,354,000 after acquiring an additional 2,365,654 shares during the last quarter. Norges Bank purchased a new stake in shares of Petco Health and Wellness during the fourth quarter valued at about $8,864,000. Geode Capital Management LLC increased its position in Petco Health and Wellness by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,227,001 shares of the company's stock valued at $8,487,000 after buying an additional 14,709 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Petco Health and Wellness by 328.0% during the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company's stock valued at $8,014,000 after buying an additional 1,349,728 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Petco Health and Wellness by 26.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,751 shares of the company's stock valued at $5,215,000 after acquiring an additional 289,629 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WOOF shares. Robert W. Baird decreased their price objective on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, March 27th. Morgan Stanley dropped 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 research report on Tuesday, January 21st. The Goldman Sachs Group increased their price objective on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the company a "buy" rating in a report on Thursday, March 27th. Wedbush 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. Finally, 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. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.11.

Petco Health and Wellness Price Performance

WOOF traded up $0.03 during trading on Monday, reaching $3.17. 1,732,441 shares of the stock were exchanged, compared to its average volume of 4,684,261. The business's 50 day moving average price is $2.90 and its two-hundred day moving average price is $3.55. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The company has a market capitalization of $997.37 million, a price-to-earnings ratio of -7.91 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a 1 year low of $1.71 and a 1 year high of $6.29.

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.