350,000 Shares in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Bought by Soviero Asset Management LP

Soviero Asset Management LP bought a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 350,000 shares of the company's stock, valued at approximately $1,334,000. Soviero Asset Management LP owned 0.11% of Petco Health and Wellness at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WOOF. Dimensional Fund Advisors LP increased its position in Petco Health and Wellness by 269.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock valued at $12,354,000 after acquiring an additional 2,365,654 shares during the period. Norges Bank acquired a new stake in Petco Health and Wellness in the 4th quarter valued at approximately $8,864,000. Bridgeway Capital Management LLC acquired a new stake in Petco Health and Wellness in the 4th quarter valued at approximately $8,604,000. Driehaus Capital Management LLC acquired a new stake in Petco Health and Wellness in the 4th quarter valued at approximately $6,887,000. Finally, Nuveen Asset Management LLC increased its position in Petco Health and Wellness by 513.6% in the 4th quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company's stock valued at $8,009,000 after acquiring an additional 1,759,570 shares during the period.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF traded down $0.06 during mid-day trading on Friday, reaching $3.63. The company had a trading volume of 2,823,530 shares, compared to its average volume of 4,443,690. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The stock has a market cap of $1.14 billion, a PE ratio of -9.08 and a beta of 1.74. The company has a 50-day moving average price of $3.09 and a two-hundred day moving average price of $3.49. Petco Health and Wellness Company, Inc. has a 1-year low of $2.23 and a 1-year high of $6.29.

Analyst Upgrades and Downgrades

WOOF has been the topic of several analyst reports. Wedbush lowered their target price 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. Robert W. Baird lowered their price target on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. UBS Group lowered 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 report on Thursday, March 27th. 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 report on Thursday, March 27th. Finally, Citigroup lowered their price target on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Petco Health and Wellness has an average rating of "Hold" and an average target price 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.