Optimize Financial Inc Purchases New Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Optimize Financial Inc purchased a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 173,278 shares of the company's stock, valued at approximately $660,000. Optimize Financial Inc owned about 0.06% of Petco Health and Wellness as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of WOOF. Aster Capital Management DIFC Ltd acquired a new position in Petco Health and Wellness during the 4th quarter worth about $25,000. Scotia Capital Inc. acquired a new stake in Petco Health and Wellness during the 4th quarter valued at approximately $41,000. Blueprint Investment Partners LLC bought a new position in Petco Health and Wellness during the 4th quarter worth approximately $44,000. New York State Common Retirement Fund boosted 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. Finally, Quadrature Capital Ltd acquired a new stake in shares of Petco Health and Wellness during the third quarter worth $58,000.

Petco Health and Wellness Stock Down 6.7 %

NASDAQ:WOOF traded down $0.22 during trading hours on Tuesday, hitting $3.06. 2,658,950 shares of the company traded hands, compared to its average volume of 4,679,347. 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 cap of $959.15 million, a PE ratio of -7.65 and a beta of 1.74. The firm's 50-day simple moving average is $2.83 and its 200-day simple moving average is $3.78. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $6.29.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on WOOF. Royal Bank of Canada cut their price target 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. The Goldman Sachs Group increased their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a report on Thursday, March 27th. Robert W. Baird dropped their target price on shares of Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. UBS Group decreased their price target on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, Wedbush cut their price objective 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.11.

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.