JPMorgan Chase & Co. Sells 687,002 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

JPMorgan Chase & Co. lessened its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,074,245 shares of the company's stock after selling 687,002 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.34% of Petco Health and Wellness worth $4,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund raised its position in Petco Health and Wellness by 47.6% during the fourth 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 in the last quarter. Blueprint Investment Partners LLC bought a new stake in shares of Petco Health and Wellness in the 4th quarter valued at about $44,000. Sanctuary Advisors LLC bought a new stake in shares of Petco Health and Wellness in the 3rd quarter valued at about $66,000. Sei Investments Co. lifted its stake in Petco Health and Wellness by 54.7% in the 4th quarter. Sei Investments Co. now owns 18,009 shares of the company's stock valued at $69,000 after purchasing an additional 6,371 shares during the last quarter. Finally, Poinciana Advisors Group LLC bought a new position in Petco Health and Wellness during the fourth quarter worth about $77,000.

Petco Health and Wellness Price Performance

Shares of WOOF traded down $0.14 during trading hours on Friday, hitting $3.03. 953,579 shares of the company were exchanged, compared to its average volume of 4,672,114. The company has a market cap of $953.26 million, a price-to-earnings ratio of -7.56 and a beta of 1.74. The firm's fifty day moving average is $2.84 and its 200 day moving average is $3.70. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WOOF. Wedbush cut their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Robert W. Baird cut their price target on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, March 27th. Morgan Stanley reduced their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Citigroup dropped their price objective 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. Finally, Royal Bank of Canada reduced 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 report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $4.11.

Petco Health and Wellness 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.