Woodline Partners LP Decreases Stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Woodline Partners LP lowered its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,002,204 shares of the company's stock after selling 922,093 shares during the quarter. Woodline Partners LP owned approximately 0.32% of Petco Health and Wellness worth $3,818,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Soviero Asset Management LP bought a new position in Petco Health and Wellness in the 4th quarter worth about $1,334,000. Toronto Dominion Bank bought a new position in Petco Health and Wellness in the 4th quarter worth about $92,000. Sherbrooke Park Advisers LLC boosted its stake in Petco Health and Wellness by 48.9% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 144,043 shares of the company's stock worth $549,000 after purchasing an additional 47,322 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Petco Health and Wellness by 41.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company's stock valued at $60,000 after acquiring an additional 4,610 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Petco Health and Wellness by 62.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,412,697 shares of the company's stock valued at $9,192,000 after acquiring an additional 923,735 shares during the last quarter.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF traded down $0.03 during trading hours on Friday, reaching $3.56. 1,232,455 shares of the stock traded hands, compared to its average volume of 4,367,964. The company has a market capitalization of $1.12 billion, a P/E ratio of -8.89 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. The company's 50-day simple moving average is $3.18 and its two-hundred day simple moving average is $3.46.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WOOF shares. Citigroup dropped their price target on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Wall Street Zen upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Royal Bank of Canada dropped their price target on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research 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 for the company in a research report on Thursday, March 27th. Finally, Wedbush dropped their price target on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $4.00.

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.