Empowered Funds LLC acquired a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,185,244 shares of the company's stock, valued at approximately $4,516,000. Empowered Funds LLC owned about 0.38% of Petco Health and Wellness at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its stake in shares of Petco Health and Wellness by 14.3% during the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company's stock worth $172,000 after acquiring an additional 5,660 shares during the period. Diversified Trust Co boosted its position in Petco Health and Wellness by 57.2% during the fourth quarter. Diversified Trust Co now owns 25,486 shares of the company's stock worth $97,000 after purchasing an additional 9,272 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Petco Health and Wellness by 328.0% in the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company's stock worth $8,014,000 after purchasing an additional 1,349,728 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Petco Health and Wellness in the third quarter valued at approximately $728,000. Finally, Franklin Resources Inc. lifted its stake in shares of Petco Health and Wellness by 362.3% during the 3rd quarter. Franklin Resources Inc. now owns 64,850 shares of the company's stock valued at $305,000 after buying an additional 50,821 shares in the last quarter.
Petco Health and Wellness Price Performance
NASDAQ:WOOF traded up $0.01 during mid-day trading on Friday, reaching $2.95. The stock had a trading volume of 4,479,699 shares, compared to its average volume of 3,173,288. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $6.29. 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 firm has a 50 day moving average price of $3.82 and a two-hundred day moving average price of $3.96. The stock has a market capitalization of $924.68 million, a P/E ratio of -7.38 and a beta of 1.88.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Saturday, February 8th. Morgan Stanley dropped their price objective on 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 reaffirmed an "outperform" rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Friday, December 20th. Wells Fargo & Company raised their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Finally, Wedbush upped their target price on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $4.16.
Read Our Latest Stock Analysis on Petco Health and Wellness
Petco Health and Wellness Company Profile
(
Free Report)
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.
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