Polar Asset Management Partners Inc. Takes $1.45 Million Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Polar Asset Management Partners Inc. acquired a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 380,600 shares of the company's stock, valued at approximately $1,450,000. Polar Asset Management Partners Inc. owned approximately 0.12% of Petco Health and Wellness as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WOOF. Bleakley Financial Group LLC lifted its stake in shares of Petco Health and Wellness by 14.3% in the fourth quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company's stock worth $172,000 after buying an additional 5,660 shares in the last quarter. Empowered Funds LLC acquired a new stake in Petco Health and Wellness in the 4th quarter valued at about $4,516,000. Shade Tree Advisors LLC acquired a new position in shares of Petco Health and Wellness during the 4th quarter worth approximately $131,000. Principal Financial Group Inc. boosted its holdings in shares of Petco Health and Wellness by 27.0% during the 4th quarter. Principal Financial Group Inc. now owns 203,121 shares of the company's stock worth $774,000 after purchasing an additional 43,229 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its position in shares of Petco Health and Wellness by 25.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 584,453 shares of the company's stock valued at $2,227,000 after purchasing an additional 118,410 shares in the last quarter.

Petco Health and Wellness Trading Down 5.4%

NASDAQ:WOOF traded down $0.21 during trading hours on Wednesday, reaching $3.65. 3,989,190 shares of the stock were exchanged, compared to its average volume of 4,568,806. Petco Health and Wellness Company, Inc. has a twelve month low of $2.23 and a twelve month 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. The business has a 50-day moving average of $3.02 and a two-hundred day moving average of $3.50. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -9.13 and a beta of 1.74.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WOOF. Wedbush lowered their price objective 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 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. UBS Group reduced 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. Robert W. Baird dropped their price target 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, Morgan Stanley cut their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4.11.

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.