J. Goldman & Co LP acquired a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 294,615 shares of the company's stock, valued at approximately $1,122,000. J. Goldman & Co LP owned approximately 0.09% of Petco Health and Wellness at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in WOOF. Dimensional Fund Advisors LP grew its position in Petco Health and Wellness by 269.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company's stock valued at $12,354,000 after purchasing an additional 2,365,654 shares in the last quarter. Norges Bank acquired a new stake in Petco Health and Wellness in the fourth quarter valued at $8,864,000. Bridgeway Capital Management LLC acquired a new stake in Petco Health and Wellness in the fourth quarter valued at $8,604,000. Driehaus Capital Management LLC acquired a new stake in Petco Health and Wellness in the fourth quarter valued at $6,887,000. Finally, JPMorgan Chase & Co. lifted its stake in Petco Health and Wellness by 328.0% in the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company's stock valued at $8,014,000 after acquiring an additional 1,349,728 shares during the last quarter.
Petco Health and Wellness Price Performance
Petco Health and Wellness stock remained flat at $3.17 during midday trading on Thursday. 2,733,293 shares of the company's stock traded hands, compared to its average volume of 4,659,517. Petco Health and Wellness Company, Inc. has a twelve month low of $2.15 and a twelve month high of $6.29. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The company has a fifty day simple moving average of $2.94 and a 200-day simple moving average of $3.53. The company has a market capitalization of $998.95 million, a P/E ratio of -7.93 and a beta of 1.74.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Royal Bank of Canada cut their price target on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. Citigroup cut their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. UBS Group cut their target price on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Robert W. Baird cut their target price on shares of Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, Wedbush cut their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $4.11.
Read Our Latest Research Report on Petco Health and Wellness
About Petco Health and Wellness
(
Free Report)
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.
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