Barclays PLC Reduces Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Barclays PLC trimmed its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 54.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,564 shares of the company's stock after selling 255,201 shares during the period. Barclays PLC owned about 0.07% of Petco Health and Wellness worth $985,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WOOF. Choreo LLC bought a new position in Petco Health and Wellness in the 2nd quarter worth $45,000. Frank Rimerman Advisors LLC bought a new position in Petco Health and Wellness in the second quarter worth about $50,000. Point72 Asia Singapore Pte. Ltd. raised its stake in 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 buying an additional 8,056 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Petco Health and Wellness in the third quarter worth about $58,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Petco Health and Wellness during the 2nd quarter valued at approximately $78,000.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WOOF. Wells Fargo & Company increased their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Morgan Stanley increased their price objective on Petco Health and Wellness from $3.00 to $6.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. StockNews.com upgraded 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 reiterated an "outperform" rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. Finally, Wedbush boosted their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. One 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.25.

Petco Health and Wellness Stock Up 0.8 %

Shares of NASDAQ WOOF traded up $0.03 during midday trading on Wednesday, hitting $3.84. The stock had a trading volume of 2,329,700 shares, compared to its average volume of 4,040,658. The business's 50 day moving average is $4.25 and its 200-day moving average is $3.95. 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 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 $1.20 billion, a P/E ratio of -9.60 and a beta of 1.90.

Petco Health and Wellness 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.