Optimize Financial Inc Purchases New Shares in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Optimize Financial Inc purchased a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 173,278 shares of the company's stock, valued at approximately $660,000. Optimize Financial Inc owned about 0.06% of Petco Health and Wellness at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Petco Health and Wellness during the 4th quarter valued at $8,864,000. JPMorgan Chase & Co. lifted its position in shares of 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 in the last quarter. Empowered Funds LLC acquired a new stake in shares of Petco Health and Wellness during the fourth quarter valued at $4,516,000. FMR LLC increased its position in Petco Health and Wellness by 170.9% during the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company's stock worth $6,923,000 after purchasing an additional 959,960 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Petco Health and Wellness by 26.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,751 shares of the company's stock valued at $5,215,000 after purchasing an additional 289,629 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WOOF shares. Royal Bank of Canada decreased 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 note on Thursday, March 27th. Citigroup lowered their price objective on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Wedbush decreased their price target on 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. The Goldman Sachs Group raised their target price on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Robert W. Baird cut 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 note on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Petco Health and Wellness currently has an average rating of "Moderate Buy" and an average target price of $4.11.

Petco Health and Wellness Stock Down 0.3 %

NASDAQ WOOF traded down $0.01 during trading hours on Thursday, hitting $3.09. The company had a trading volume of 3,795,640 shares, compared to its average volume of 4,680,955. The firm's 50 day moving average is $2.83 and its 200 day moving average is $3.78. 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 fifty-two week low of $1.41 and a fifty-two week high of $6.29. The company has a market capitalization of $973.74 million, a price-to-earnings ratio of -7.73 and a beta of 1.74.

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.