Nomura Holdings Inc. Sells 76,777 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Nomura Holdings Inc. lessened its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 48.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 82,916 shares of the company's stock after selling 76,777 shares during the quarter. Nomura Holdings Inc.'s holdings in Petco Health and Wellness were worth $316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in Petco Health and Wellness during the 4th quarter valued at $25,000. Scotia Capital Inc. acquired a new stake in Petco Health and Wellness in the 4th quarter valued at about $41,000. Blueprint Investment Partners LLC bought a new position in shares of Petco Health and Wellness during the 4th quarter valued at about $44,000. New York State Common Retirement Fund grew its stake in shares of Petco Health and Wellness by 47.6% in the 4th 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 last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of Petco Health and Wellness in the 4th quarter worth approximately $50,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on WOOF. 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. Wedbush decreased their target price 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 reduced their target price on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, March 27th. UBS Group dropped their price target on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Citigroup reduced their price objective on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $4.00.

Petco Health and Wellness Stock Down 3.2%

Shares of WOOF traded down $0.12 during trading hours on Wednesday, hitting $3.47. 797,081 shares of the company were exchanged, compared to its average volume of 4,133,911. The firm's 50 day moving average is $3.14 and its 200-day moving average is $3.47. 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 company has a market cap of $1.09 billion, a PE ratio of -8.69 and a beta of 1.74.

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.