BNP Paribas Financial Markets Buys New Shares in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

BNP Paribas Financial Markets purchased a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 374,842 shares of the company's stock, valued at approximately $1,428,000. BNP Paribas Financial Markets owned 0.12% of Petco Health and Wellness as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC raised its stake in 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 during the last quarter. Empowered Funds LLC bought a new stake in Petco Health and Wellness in the 4th quarter valued at $4,516,000. Shade Tree Advisors LLC bought a new stake in Petco Health and Wellness in the 4th quarter valued at $131,000. Principal Financial Group Inc. increased its holdings in Petco Health and Wellness by 27.0% in the 4th quarter. Principal Financial Group Inc. now owns 203,121 shares of the company's stock valued at $774,000 after buying an additional 43,229 shares during the period. Finally, Rice Hall James & Associates LLC increased its holdings in Petco Health and Wellness by 25.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 584,453 shares of the company's stock valued at $2,227,000 after buying an additional 118,410 shares during the period.

Petco Health and Wellness Trading Down 1.6%

Shares of NASDAQ:WOOF traded down $0.06 during mid-day trading on Friday, reaching $3.63. The stock had a trading volume of 2,823,530 shares, compared to its average volume of 4,411,696. The firm has a market cap of $1.14 billion, a PE ratio of -9.08 and a beta of 1.74. The firm has a 50 day simple moving average of $3.09 and a two-hundred day simple moving average of $3.48. 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 $2.23 and a twelve month high of $6.29.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Royal Bank of Canada reduced their price target on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. Robert W. Baird reduced their price target on shares of Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. The Goldman Sachs Group upped their price target on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, UBS Group reduced their price target on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.