Bank of America Corp DE Has $4.19 Million Stock Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Bank of America Corp DE grew its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,099,137 shares of the company's stock after buying an additional 131,985 shares during the period. Bank of America Corp DE owned approximately 0.35% of Petco Health and Wellness worth $4,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its holdings in Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock worth $44,000 after buying an additional 3,711 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Petco Health and Wellness by 2.6% during the 4th quarter. Swiss National Bank now owns 186,100 shares of the company's stock valued at $709,000 after purchasing an additional 4,800 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Petco Health and Wellness by 0.5% during the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company's stock valued at $3,775,000 after purchasing an additional 5,100 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Petco Health and Wellness by 14.3% during the 4th 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 in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Petco Health and Wellness by 54.7% during the 4th quarter. Sei Investments Co. now owns 18,009 shares of the company's stock valued at $69,000 after purchasing an additional 6,371 shares in the last quarter.

Petco Health and Wellness Stock Performance

Shares of WOOF traded up $0.05 during mid-day trading on Friday, reaching $3.63. The company's stock had a trading volume of 4,589,519 shares, compared to its average volume of 4,316,448. 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 1-year low of $2.23 and a 1-year high of $6.29. The business has a 50-day simple moving average of $3.20 and a two-hundred day simple moving average of $3.46. The stock has a market cap of $1.14 billion, a P/E ratio of -9.08 and a beta of 1.74.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Robert W. Baird cut their price objective on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group lifted their price objective on Petco Health and Wellness from $4.00 to $4.48 and gave the company a "buy" rating in a report on Thursday, March 27th. Wall Street Zen upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. UBS Group cut their price objective on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, Royal Bank of Canada cut their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $4.00.

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.