Voleon Capital Management LP Purchases Shares of 240,915 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Voleon Capital Management LP purchased a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 240,915 shares of the company's stock, valued at approximately $918,000. Voleon Capital Management LP owned 0.08% of Petco Health and Wellness as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WOOF. Aster Capital Management DIFC Ltd bought a new stake in Petco Health and Wellness during the fourth quarter worth about $25,000. Scotia Capital Inc. bought a new position in Petco Health and Wellness in the 4th quarter valued at $41,000. New York State Common Retirement Fund boosted its stake in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock worth $44,000 after purchasing an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at about $44,000. Finally, Bank of Nova Scotia acquired a new position in Petco Health and Wellness during the 4th quarter worth about $50,000.

Wall Street Analysts Forecast Growth

WOOF has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley dropped their target price on 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. The Goldman Sachs Group raised their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the company a "buy" rating in a report on Thursday, March 27th. UBS Group cut 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 report on Thursday, March 27th. 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 on the stock in a research note on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $4.11.

Petco Health and Wellness Trading Up 3.1 %

Petco Health and Wellness stock traded up $0.10 during mid-day trading on Wednesday, hitting $3.16. 813,655 shares of the company's stock were exchanged, compared to its average volume of 4,673,011. The company's 50 day simple moving average is $2.86 and its 200-day simple moving average is $3.58. 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 firm has a market capitalization of $994.22 million, a P/E ratio of -7.89 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $6.29.

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.