Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 269.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,242,546 shares of the company's stock after purchasing an additional 2,365,654 shares during the quarter. Dimensional Fund Advisors LP owned 1.03% of Petco Health and Wellness worth $12,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in Petco Health and Wellness in the fourth quarter valued at $25,000. Scotia Capital Inc. acquired a new stake in Petco Health and Wellness in the fourth quarter valued at $41,000. Blueprint Investment Partners LLC acquired a new stake in Petco Health and Wellness in the fourth quarter valued at $44,000. New York State Common Retirement Fund lifted its holdings 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 period. Finally, Bank of Nova Scotia acquired a new stake in Petco Health and Wellness in the fourth quarter valued at $50,000.

Petco Health and Wellness Stock Performance

Petco Health and Wellness stock traded up $0.04 during mid-day trading on Monday, reaching $3.18. The company's stock had a trading volume of 4,120,426 shares, compared to its average volume of 4,693,281. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -7.95 and a beta of 1.74. The business has a 50 day moving average price of $2.91 and a 200-day moving average price of $3.54. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a twelve month low of $1.71 and a twelve month high of $6.29.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. 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. Morgan Stanley reduced their target price on shares of Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. StockNews.com upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Robert W. Baird dropped their target price on shares of Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group raised their price target 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. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Petco Health and Wellness currently has an average rating of "Moderate Buy" and a consensus price target of $4.11.

Petco Health and Wellness Company 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.