Versor Investments LP Purchases 131,000 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Versor Investments LP grew its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 340.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,500 shares of the company's stock after buying an additional 131,000 shares during the quarter. Versor Investments LP owned 0.05% of Petco Health and Wellness worth $646,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WOOF. New York State Common Retirement Fund increased its stake in Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock worth $44,000 after acquiring an additional 3,711 shares during the last quarter. Bleakley Financial Group LLC increased its position 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 valued at $172,000 after purchasing an additional 5,660 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in 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 valued at $51,000 after buying an additional 8,056 shares during the period. Diversified Trust Co lifted its position in Petco Health and Wellness by 57.2% in the fourth quarter. Diversified Trust Co now owns 25,486 shares of the company's stock worth $97,000 after buying an additional 9,272 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Petco Health and Wellness during the third quarter worth $58,000.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Morgan Stanley dropped their target price on Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. StockNews.com cut Petco Health and Wellness from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Royal Bank of Canada reissued an "outperform" rating and set a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $4.16.

Petco Health and Wellness Stock Down 0.2 %

NASDAQ WOOF traded down $0.01 during trading on Tuesday, reaching $2.47. 3,513,066 shares of the company's stock traded hands, compared to its average volume of 3,793,756. Petco Health and Wellness Company, Inc. has a 12-month low of $1.41 and a 12-month 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. The firm has a market cap of $772.65 million, a price-to-earnings ratio of -6.26 and a beta of 1.88. The company's 50 day simple moving average is $3.49 and its two-hundred day simple moving average is $3.99.

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.