Bryce Point Capital LLC Acquires Shares of 123,739 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Bryce Point Capital LLC bought a new position 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 SEC. The fund bought 123,739 shares of the company's stock, valued at approximately $471,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its stake in shares of 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 during the last quarter. Swiss National Bank increased its stake in Petco Health and Wellness by 2.6% during the 4th quarter. Swiss National Bank now owns 186,100 shares of the company's stock valued at $709,000 after purchasing an additional 4,800 shares in the last quarter. Bleakley Financial Group LLC raised its holdings 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 during the last quarter. Sei Investments Co. lifted its stake in shares of Petco Health and Wellness by 54.7% during the fourth quarter. Sei Investments Co. now owns 18,009 shares of the company's stock worth $69,000 after buying an additional 6,371 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Petco Health and Wellness by 18.2% during the fourth quarter. LPL Financial LLC now owns 42,006 shares of the company's stock valued at $160,000 after buying an additional 6,470 shares during the last quarter.

Remove Ads

Petco Health and Wellness Stock Performance

NASDAQ WOOF traded down $0.08 during mid-day trading on Thursday, reaching $3.18. 1,633,673 shares of the stock were exchanged, compared to its average volume of 4,657,887. The company has a market capitalization of $995.20 million, a P/E ratio of -7.94 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The business's 50 day moving average is $2.84 and its 200-day moving average is $3.82. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $6.29.

Wall Street Analyst Weigh In

WOOF has been the subject of a number of research analyst reports. StockNews.com upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Citigroup reduced 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 note on Tuesday, March 18th. 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 on the stock in a report on Tuesday, January 21st. Royal Bank of Canada decreased their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. Finally, Wedbush cut their price objective 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $4.11.

Petco Health and Wellness Company 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.