Gotham Asset Management LLC Raises Stock Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Gotham Asset Management LLC raised its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 950.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 173,025 shares of the company's stock after purchasing an additional 156,560 shares during the quarter. Gotham Asset Management LLC owned 0.06% of Petco Health and Wellness worth $659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WOOF. Dimensional Fund Advisors LP increased its stake in shares of Petco Health and Wellness by 269.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock worth $12,354,000 after buying an additional 2,365,654 shares during the last quarter. Norges Bank acquired a new position in Petco Health and Wellness during the 4th quarter worth $8,864,000. Bridgeway Capital Management LLC bought a new stake in shares of Petco Health and Wellness in the 4th quarter worth about $8,604,000. Geode Capital Management LLC raised its stake in shares of Petco Health and Wellness by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,227,001 shares of the company's stock valued at $8,487,000 after purchasing an additional 14,709 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Petco Health and Wellness during the fourth quarter worth about $6,887,000.

Analysts Set New Price Targets

Several analysts have issued reports on WOOF shares. Morgan Stanley cut their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Citigroup dropped their price target on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group raised their price objective on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a research note on Thursday, March 27th. UBS Group lowered their target price on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, 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. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $4.11.

Petco Health and Wellness Stock Up 5.0%

Petco Health and Wellness stock opened at $3.33 on Monday. The firm has a market capitalization of $1.05 billion, a P/E ratio of -8.33 and a beta of 1.74. The company has a 50-day simple moving average of $2.96 and a 200-day simple moving average of $3.50. Petco Health and Wellness Company, Inc. has a one year low of $2.23 and a one year 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.

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.

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