Candlestick Capital Management LP Sells 1,049,310 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Candlestick Capital Management LP lowered its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,219,172 shares of the company's stock after selling 1,049,310 shares during the period. Candlestick Capital Management LP owned 0.71% of Petco Health and Wellness worth $8,455,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. New York State Common Retirement Fund increased its stake in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock valued at $44,000 after acquiring an additional 3,711 shares during the last quarter. Swiss National Bank increased its stake in Petco Health and Wellness by 2.6% in 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 grew its stake in shares of Petco Health and Wellness by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 990,700 shares of the company's stock valued at $3,775,000 after buying an additional 5,100 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of 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 worth $172,000 after buying an additional 5,660 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of 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 acquiring an additional 6,371 shares during the last quarter.

Petco Health and Wellness Stock Down 2.3 %

Shares of NASDAQ WOOF traded down $0.07 during mid-day trading on Wednesday, hitting $2.95. 3,586,802 shares of the stock traded hands, compared to its average volume of 4,684,827. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness Company, Inc. has a 52 week low of $1.50 and a 52 week high of $6.29. The company has a market cap of $929.62 million, a price-to-earnings ratio of -7.38 and a beta of 1.74. The stock has a fifty day moving average price of $2.84 and a 200-day moving average price of $3.64.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. The Goldman Sachs Group lifted their price target on 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. UBS Group decreased their price target on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Morgan Stanley reduced 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 note on Tuesday, January 21st. Royal Bank of Canada reduced their target price on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Finally, StockNews.com raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $4.11.

About Petco Health and Wellness

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.