Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Position Reduced by Towle & Co.

Towle & Co. lessened its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,766,770 shares of the company's stock after selling 1,285,096 shares during the period. Petco Health and Wellness accounts for about 3.8% of Towle & Co.'s portfolio, making the stock its 2nd largest position. Towle & Co. owned 1.84% of Petco Health and Wellness worth $21,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Petco Health and Wellness by 269.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock valued at $12,354,000 after purchasing an additional 2,365,654 shares during the period. Norges Bank purchased a new position in Petco Health and Wellness during the 4th quarter valued at about $8,864,000. Bridgeway Capital Management LLC purchased a new position in Petco Health and Wellness during the 4th quarter valued at about $8,604,000. Driehaus Capital Management LLC purchased a new position in Petco Health and Wellness during the 4th quarter valued at about $6,887,000. Finally, Nuveen Asset Management LLC increased its position in Petco Health and Wellness by 513.6% during the 4th quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company's stock valued at $8,009,000 after purchasing an additional 1,759,570 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WOOF. Morgan Stanley lowered their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Citigroup lowered their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. StockNews.com upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Wedbush lowered 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 report on Thursday, March 27th. Finally, UBS Group lowered 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 report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $4.11.

Petco Health and Wellness Stock Up 5.0%

WOOF stock opened at $3.33 on Monday. The firm has a 50 day moving average of $2.96 and a 200 day moving average of $3.50. The stock has a market capitalization of $1.05 billion, a PE ratio of -8.33 and a beta of 1.74. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a 52 week low of $2.23 and a 52 week high of $6.29.

Petco Health and Wellness 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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