Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,212,292 shares of the company's stock after acquiring an additional 186,230 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of Petco Health and Wellness worth $10,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Caprock Group LLC acquired a new stake in Petco Health and Wellness in the second quarter valued at approximately $44,000. Choreo LLC purchased a new stake in shares of Petco Health and Wellness during the second quarter valued at $45,000. Frank Rimerman Advisors LLC purchased a new stake in Petco Health and Wellness during the 2nd quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of 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 worth $51,000 after purchasing an additional 8,056 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Petco Health and Wellness during the second quarter worth about $52,000.

Petco Health and Wellness Price Performance

Shares of Petco Health and Wellness stock traded up $0.29 on Thursday, reaching $4.10. The company's stock had a trading volume of 3,675,661 shares, compared to its average volume of 4,551,930. 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 company has a market capitalization of $1.29 billion, a P/E ratio of -10.25 and a beta of 1.89. The stock has a 50-day moving average price of $4.34 and a 200-day moving average price of $3.92. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $6.29.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WOOF. Citigroup raised their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a "neutral" rating in a research report on Thursday, September 12th. StockNews.com raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. Morgan Stanley lifted their price objective on Petco Health and Wellness from $3.00 to $6.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group lowered their target price on Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Petco Health and Wellness presently has an average rating of "Hold" and a consensus target price of $4.25.

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.