Polar Asset Management Partners Inc. Makes New $1.45 Million Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Polar Asset Management Partners Inc. purchased a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 380,600 shares of the company's stock, valued at approximately $1,450,000. Polar Asset Management Partners Inc. owned about 0.12% of Petco Health and Wellness at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. New York State Common Retirement Fund raised its holdings in 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 valued at $44,000 after acquiring an additional 3,711 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Petco Health and Wellness by 41.0% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 15,841 shares of the company's stock worth $60,000 after buying an additional 4,610 shares in the last quarter. Swiss National Bank boosted its stake in Petco Health and Wellness by 2.6% during the fourth quarter. Swiss National Bank now owns 186,100 shares of the company's stock worth $709,000 after buying an additional 4,800 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Petco Health and Wellness by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 990,700 shares of the company's stock valued at $3,775,000 after buying an additional 5,100 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in shares of Petco Health and Wellness by 14.3% in the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company's stock worth $172,000 after acquiring an additional 5,660 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on WOOF. Wall Street Zen upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Robert W. Baird reduced their price objective on shares of 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 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. Citigroup decreased their price target on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating for the company in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group raised their target price on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $4.00.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock traded up $0.09 on Friday, hitting $3.67. The stock had a trading volume of 4,586,495 shares, compared to its average volume of 4,380,442. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -9.18 and a beta of 1.74. The company's 50 day moving average price is $3.18 and its 200 day moving average price is $3.46. The company has a current ratio of 0.84, a quick ratio of 0.22 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.

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.