Two Sigma Advisers LP Decreases Stock Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Two Sigma Advisers LP cut its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,219,600 shares of the company's stock after selling 654,000 shares during the quarter. Two Sigma Advisers LP owned approximately 1.03% of Petco Health and Wellness worth $12,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WOOF. Dimensional Fund Advisors LP boosted its holdings in Petco Health and Wellness by 269.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock worth $12,354,000 after purchasing an additional 2,365,654 shares during the last quarter. Norges Bank purchased a new position in Petco Health and Wellness during the fourth quarter worth about $8,864,000. Bridgeway Capital Management LLC purchased a new position in Petco Health and Wellness during the fourth quarter worth about $8,604,000. Driehaus Capital Management LLC purchased a new position in Petco Health and Wellness during the fourth quarter worth about $6,887,000. Finally, Nuveen Asset Management LLC boosted its holdings in Petco Health and Wellness by 513.6% during the fourth quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company's stock worth $8,009,000 after purchasing an additional 1,759,570 shares during the last quarter.

Petco Health and Wellness Price Performance

WOOF stock traded down $0.11 during midday trading on Wednesday, reaching $3.48. The company had a trading volume of 921,350 shares, compared to its average volume of 4,396,540. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. Petco Health and Wellness Company, Inc. has a 1 year low of $2.23 and a 1 year high of $6.29. The company has a market capitalization of $1.10 billion, a P/E ratio of -8.69 and a beta of 1.74. The firm has a 50-day moving average price of $3.14 and a 200-day moving average price of $3.47.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WOOF shares. Wall Street Zen upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. UBS Group dropped their target price on shares of 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. Royal Bank of Canada dropped their target price on shares of 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. Wedbush lowered 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. Finally, The Goldman Sachs Group boosted their price target on shares of 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.