Soviero Asset Management LP Takes Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Soviero Asset Management LP bought a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of WOOF. Aster Capital Management DIFC Ltd acquired a new position in Petco Health and Wellness in the 4th quarter valued at about $25,000. Scotia Capital Inc. acquired a new position in Petco Health and Wellness in the 4th quarter valued at about $41,000. Blueprint Investment Partners LLC acquired a new position in Petco Health and Wellness in the 4th quarter valued at about $44,000. New York State Common Retirement Fund grew its stake 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 buying an additional 3,711 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of Petco Health and Wellness during the 4th quarter worth approximately $45,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on WOOF. StockNews.com upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Wedbush reduced their price target on shares of 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. Citigroup reduced their price target on shares of 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. Robert W. Baird reduced their price target on shares of 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. Finally, Morgan Stanley reduced their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $4.11.

Petco Health and Wellness Price Performance

NASDAQ:WOOF traded down $0.21 on Wednesday, hitting $3.65. The company had a trading volume of 3,996,274 shares, compared to its average volume of 4,559,933. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -9.13 and a beta of 1.74. 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 firm has a 50 day moving average of $3.04 and a two-hundred day moving average of $3.50. Petco Health and Wellness Company, Inc. has a 52 week low of $2.23 and a 52 week high of $6.29.

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.