Nuveen Asset Management LLC Increases Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Nuveen Asset Management LLC lifted its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 513.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,102,175 shares of the company's stock after acquiring an additional 1,759,570 shares during the quarter. Nuveen Asset Management LLC owned 0.67% of Petco Health and Wellness worth $8,009,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its holdings in shares of 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 purchasing an additional 3,711 shares during the period. Swiss National Bank increased its position in 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 buying an additional 4,800 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Petco Health and Wellness by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 990,700 shares of the company's stock valued at $3,775,000 after acquiring an additional 5,100 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in 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 worth $172,000 after buying an additional 5,660 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Petco Health and Wellness by 54.7% in the 4th quarter. Sei Investments Co. now owns 18,009 shares of the company's stock worth $69,000 after acquiring an additional 6,371 shares during the last quarter.

Petco Health and Wellness Stock Up 1.4%

Shares of NASDAQ:WOOF traded up $0.05 on Friday, reaching $3.63. The company had a trading volume of 4,589,519 shares, compared to its average volume of 4,330,778. The firm has a market capitalization of $1.14 billion, a PE ratio of -9.08 and a beta of 1.74. The firm's 50 day simple moving average is $3.20 and its 200-day simple moving average is $3.46. 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 current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group lowered their price objective 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. The Goldman Sachs Group increased their price objective 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. Royal Bank of Canada decreased 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. Robert W. Baird lowered their price target on 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, Wedbush dropped their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock 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.