J. Goldman & Co LP Makes New Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

J. Goldman & Co LP acquired a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 294,615 shares of the company's stock, valued at approximately $1,122,000. J. Goldman & Co LP owned about 0.09% of Petco Health and Wellness at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WOOF. Aster Capital Management DIFC Ltd bought a new stake in Petco Health and Wellness in the 4th quarter worth approximately $25,000. Scotia Capital Inc. bought a new stake in Petco Health and Wellness in the 4th quarter worth approximately $41,000. New York State Common Retirement Fund increased 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 worth $44,000 after acquiring an additional 3,711 shares during the last quarter. Blueprint Investment Partners LLC bought a new stake in Petco Health and Wellness in the 4th quarter worth approximately $44,000. Finally, Bank of Nova Scotia bought a new stake in Petco Health and Wellness in the 4th quarter worth approximately $50,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on WOOF. The Goldman Sachs Group boosted their target price 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. UBS Group cut their target price 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. Wedbush cut 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. Morgan Stanley cut their target price on 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. Finally, StockNews.com raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $4.11.

Petco Health and Wellness Trading Up 5.0%

Petco Health and Wellness stock traded up $0.16 during mid-day trading on Friday, hitting $3.33. The company's stock had a trading volume of 2,818,525 shares, compared to its average volume of 4,563,867. The company has a 50 day moving average of $2.96 and a 200-day moving average of $3.51. The stock has a market cap of $1.05 billion, a PE ratio of -8.33 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness Company, Inc. has a one year low of $2.23 and a one year 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.