Point72 Asset Management L.P. Buys 923,735 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Point72 Asset Management L.P. boosted its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 62.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,412,697 shares of the company's stock after buying an additional 923,735 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.77% of Petco Health and Wellness worth $9,192,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Petco Health and Wellness by 269.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock valued at $12,354,000 after buying an additional 2,365,654 shares in the last quarter. Norges Bank acquired a new stake in Petco Health and Wellness in the fourth quarter valued at about $8,864,000. Bridgeway Capital Management LLC acquired a new stake in Petco Health and Wellness in the fourth quarter valued at about $8,604,000. Geode Capital Management LLC boosted its stake in Petco Health and Wellness by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,227,001 shares of the company's stock valued at $8,487,000 after buying an additional 14,709 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Petco Health and Wellness by 513.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company's stock valued at $8,009,000 after buying an additional 1,759,570 shares in the last quarter.

Petco Health and Wellness Trading Down 1.6%

Shares of WOOF traded down $0.06 during mid-day trading on Friday, reaching $3.63. 2,823,530 shares of the company were exchanged, compared to its average volume of 4,411,696. 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 stock has a market capitalization of $1.14 billion, a PE ratio of -9.08 and a beta of 1.74. The business has a 50 day simple moving average of $3.09 and a two-hundred day simple moving average of $3.48.

Wall Street Analyst Weigh In

WOOF has been the topic of several research analyst reports. Wedbush reduced their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada cut their price target on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. UBS Group cut 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. Wall Street Zen raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group lifted their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the company a "buy" rating in a research note on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently 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.