D. E. Shaw & Co. Inc. Sells 1,441,287 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

D. E. Shaw & Co. Inc. lowered its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 96.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,948 shares of the company's stock after selling 1,441,287 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Petco Health and Wellness were worth $190,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. 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 valued at $172,000 after buying an additional 5,660 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Petco Health and Wellness in the 4th quarter worth $4,516,000. Shade Tree Advisors LLC acquired a new stake in shares of Petco Health and Wellness during the fourth quarter worth $131,000. Principal Financial Group Inc. raised its position in shares of Petco Health and Wellness by 27.0% during the fourth quarter. Principal Financial Group Inc. now owns 203,121 shares of the company's stock worth $774,000 after purchasing an additional 43,229 shares during the period. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Petco Health and Wellness by 25.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 584,453 shares of the company's stock valued at $2,227,000 after purchasing an additional 118,410 shares during the last quarter.

Petco Health and Wellness Stock Up 1.4%

Shares of NASDAQ:WOOF traded up $0.05 during midday trading on Friday, hitting $3.63. 4,589,519 shares of the stock were exchanged, compared to its average volume of 4,330,778. The company has a market capitalization of $1.14 billion, a PE ratio of -9.08 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a 52-week low of $2.23 and a 52-week high of $6.29. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The business's fifty day simple moving average is $3.20 and its two-hundred day simple moving average is $3.46.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WOOF. 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. Wall Street Zen 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 decreased their price objective on shares of Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada lowered their price objective 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. Finally, Citigroup cut their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $4.00.

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.