Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC boosted its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 203.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 177,403 shares of the company's stock after acquiring an additional 118,952 shares during the period. Counterpoint Mutual Funds LLC owned about 0.06% of Petco Health and Wellness worth $676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock worth $51,000 after purchasing an additional 8,056 shares during the last quarter. New York State Common Retirement Fund increased its stake in Petco Health and Wellness by 47.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock worth $44,000 after buying an additional 3,711 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Petco Health and Wellness during the third quarter valued at approximately $58,000. Sanctuary Advisors LLC purchased a new position in shares of Petco Health and Wellness in the third quarter valued at approximately $66,000. Finally, Poinciana Advisors Group LLC acquired a new stake in shares of Petco Health and Wellness in the fourth quarter worth approximately $77,000.

Analyst Ratings Changes

WOOF has been the topic of several recent research reports. Wells Fargo & Company lifted 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 target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating for the company in a research note on Tuesday. Wedbush restated an "outperform" rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, February 19th. Royal Bank of Canada reissued an "outperform" rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. Finally, Morgan Stanley decreased their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $4.28.

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Petco Health and Wellness Trading Up 1.2 %

WOOF stock traded up $0.03 during trading on Friday, reaching $2.44. 3,641,534 shares of the stock traded hands, compared to its average volume of 4,305,736. The business's 50 day moving average price is $3.10 and its 200-day moving average price is $3.93. The firm has a market capitalization of $764.81 million, a PE ratio of -6.10 and a beta of 1.92. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $6.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22.

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.