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

Towle & Co. lessened its position 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. The firm owned 5,766,770 shares of the company's stock after selling 1,285,096 shares during the quarter. Petco Health and Wellness makes up 3.8% of Towle & Co.'s investment portfolio, making the stock its 2nd largest holding. Towle & Co. owned approximately 1.84% of Petco Health and Wellness worth $21,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WOOF. Bleakley Financial Group LLC increased its holdings 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 worth $172,000 after purchasing an additional 5,660 shares during the period. Empowered Funds LLC purchased a new stake in Petco Health and Wellness during the 4th quarter worth about $4,516,000. Shade Tree Advisors LLC purchased a new stake in Petco Health and Wellness during the 4th quarter worth about $131,000. Principal Financial Group Inc. increased its holdings in Petco Health and Wellness by 27.0% during the 4th 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 increased its holdings in Petco Health and Wellness by 25.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 584,453 shares of the company's stock worth $2,227,000 after purchasing an additional 118,410 shares during the period.

Wall Street Analysts Forecast Growth

WOOF has been the topic of several recent research reports. Wall Street Zen upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. The Goldman Sachs Group upped their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a report on Thursday, March 27th. Robert W. Baird cut their price target on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Wedbush dropped 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. Finally, Royal Bank of Canada dropped 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. Five 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, the company presently has a consensus rating of "Hold" and a consensus target price of $4.00.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF traded down $0.06 during mid-day trading on Friday, reaching $3.63. 2,823,530 shares of the stock were exchanged, compared to its average volume of 4,443,690. The company has a 50 day simple moving average of $3.09 and a 200-day simple moving average of $3.49. The stock has a market capitalization of $1.14 billion, a P/E ratio of -9.08 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 1 year low of $2.23 and a 1 year high of $6.29.

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.