Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 21.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,067,931 shares of the company's stock after selling 299,759 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.34% of Petco Health and Wellness worth $4,069,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock valued at $51,000 after acquiring an additional 8,056 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Petco Health and Wellness by 47.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock valued at $44,000 after purchasing an additional 3,711 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Petco Health and Wellness in the 3rd quarter valued at $58,000. Sanctuary Advisors LLC purchased a new position in shares of Petco Health and Wellness during the 3rd quarter worth $66,000. Finally, Advyzon Investment Management LLC acquired a new stake in shares of Petco Health and Wellness during the 4th quarter worth about $85,000.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WOOF. Wells Fargo & Company increased their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Citigroup lowered their price objective on shares of 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. StockNews.com upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. The Goldman Sachs Group upped their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a research note on Thursday. Finally, UBS Group dropped their price objective on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $3.85.

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Petco Health and Wellness Stock Down 7.8 %

NASDAQ:WOOF traded down $0.25 during midday trading on Friday, reaching $2.96. The company had a trading volume of 8,933,586 shares, compared to its average volume of 4,559,663. The stock's fifty day simple moving average is $2.97 and its 200-day simple moving average is $3.92. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a 12-month low of $1.41 and a 12-month high of $6.29. The firm has a market capitalization of $927.81 million, a price-to-earnings ratio of -7.40 and a beta of 1.92.

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.