Candlestick Capital Management LP Cuts Position in 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% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,219,172 shares of the company's stock after selling 1,049,310 shares during the period. Candlestick Capital Management LP owned approximately 0.71% of Petco Health and Wellness worth $8,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WOOF. Northern Trust Corp increased its stake in Petco Health and Wellness by 4.9% in the 4th quarter. Northern Trust Corp now owns 789,457 shares of the company's stock valued at $3,008,000 after buying an additional 36,557 shares during the last quarter. Oxford Asset Management LLP bought a new stake in Petco Health and Wellness during the fourth quarter worth $56,000. Susquehanna Fundamental Investments LLC purchased a new position in Petco Health and Wellness in the fourth quarter worth $3,279,000. Dark Forest Capital Management LP bought a new position in Petco Health and Wellness in the 4th quarter valued at $125,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Petco Health and Wellness by 203.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 25,110 shares of the company's stock valued at $96,000 after purchasing an additional 16,840 shares during the last quarter.

Petco Health and Wellness Price Performance

Shares of WOOF traded up $0.05 during midday trading on Friday, hitting $3.06. 1,912,769 shares of the company traded hands, compared to its average volume of 4,686,840. Petco Health and Wellness Company, Inc. has a one year low of $1.53 and a one year high of $6.29. The firm has a market cap of $964.29 million, a P/E ratio of -7.65 and a beta of 1.74. 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 stock has a 50-day moving average of $2.85 and a 200-day moving average of $3.61.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research report on Thursday, March 27th. StockNews.com raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Citigroup reduced their price objective on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Robert W. Baird lowered their target price on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Royal Bank of Canada cut 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 note on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness presently has an average rating of "Moderate Buy" and an average target price of $4.11.

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.