Polar Asset Management Partners Inc. Buys Shares of 380,600 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Polar Asset Management Partners Inc. purchased a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 380,600 shares of the company's stock, valued at approximately $1,450,000. Polar Asset Management Partners Inc. owned 0.12% of Petco Health and Wellness as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WOOF. Bleakley Financial Group LLC grew its stake in 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 purchasing an additional 5,660 shares during the period. Empowered Funds LLC purchased a new stake in shares of Petco Health and Wellness in the fourth quarter worth $4,516,000. Shade Tree Advisors LLC purchased a new stake in shares of Petco Health and Wellness in the fourth quarter worth $131,000. Principal Financial Group Inc. grew its stake in shares of Petco Health and Wellness by 27.0% in the fourth quarter. Principal Financial Group Inc. now owns 203,121 shares of the company's stock worth $774,000 after acquiring an additional 43,229 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its stake 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 worth $2,227,000 after acquiring an additional 118,410 shares during the last quarter.

Petco Health and Wellness Stock Performance

WOOF stock traded up $0.04 during trading on Thursday, reaching $3.69. The stock had a trading volume of 1,350,000 shares, compared to its average volume of 4,547,397. Petco Health and Wellness Company, Inc. has a 52 week low of $2.23 and a 52 week high of $6.29. The stock's 50 day moving average is $3.04 and its two-hundred day moving average is $3.50. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The firm has a market cap of $1.16 billion, a PE ratio of -9.21 and a beta of 1.74.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank of Canada 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 note on Thursday, March 27th. Wall Street Zen raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. 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 note on Thursday, March 27th. The Goldman Sachs Group increased their target price on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, 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 note 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 stock presently has an average 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.