Norges Bank Makes New Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Norges Bank purchased a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,326,466 shares of the company's stock, valued at approximately $8,864,000. Norges Bank owned about 0.74% of Petco Health and Wellness as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. New York State Common Retirement Fund boosted its holdings in 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 period. Swiss National Bank raised its position in shares of Petco Health and Wellness by 2.6% during the fourth quarter. Swiss National Bank now owns 186,100 shares of the company's stock valued at $709,000 after buying an additional 4,800 shares during the last quarter. Bleakley Financial Group LLC lifted its stake 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 valued at $172,000 after buying an additional 5,660 shares during the period. Sei Investments Co. grew its position in 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 in the last quarter. Finally, LPL Financial LLC increased its stake in 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 acquiring an additional 6,470 shares during the period.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Citigroup decreased their price objective on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Robert W. Baird decreased their price target on shares of Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Morgan Stanley dropped their price objective on shares of 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. Wedbush decreased their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. Finally, UBS Group lowered their target price on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.11.

Petco Health and Wellness Trading Up 2.4 %

WOOF traded up $0.08 during mid-day trading on Friday, reaching $3.36. The stock had a trading volume of 2,852,923 shares, compared to its average volume of 4,685,316. The firm's fifty day simple moving average is $2.84 and its two-hundred day simple moving average is $3.80. The stock has a market capitalization of $1.05 billion, a P/E ratio of -8.40 and a beta of 1.74. 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 quick ratio of 0.22 and a current ratio of 0.84.

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.