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

Point72 Asset Management L.P. raised its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,412,697 shares of the company's stock after purchasing an additional 923,735 shares during the quarter. Point72 Asset Management L.P. owned 0.77% of Petco Health and Wellness worth $9,192,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Polar Asset Management Partners Inc. purchased a new stake in shares of Petco Health and Wellness in the 4th quarter worth $1,450,000. ProShare Advisors LLC lifted its stake in Petco Health and Wellness by 15.4% in the fourth quarter. ProShare Advisors LLC now owns 311,374 shares of the company's stock worth $1,186,000 after acquiring an additional 41,618 shares during the period. Quantinno Capital Management LP purchased a new stake in Petco Health and Wellness in the fourth quarter worth about $45,000. Nuveen Asset Management LLC grew its holdings 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 worth $8,009,000 after acquiring an additional 1,759,570 shares in the last quarter. Finally, J. Goldman & Co LP purchased a new position in Petco Health and Wellness during the 4th quarter valued at about $1,122,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WOOF. StockNews.com raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. 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. UBS Group decreased their price objective on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research note on Thursday, March 27th. 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 research report on Thursday, March 27th. Finally, Wedbush reduced their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.11.

Petco Health and Wellness Stock Up 5.0%

WOOF stock opened at $3.33 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The firm's fifty day simple moving average is $2.96 and its 200-day simple moving average is $3.50. Petco Health and Wellness Company, Inc. has a 12 month low of $2.23 and a 12 month high of $6.29. The company has a market capitalization of $1.05 billion, a P/E ratio of -8.33 and a beta of 1.74.

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.

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