Polymer Capital Management US LLC Makes New $333,000 Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Polymer Capital Management US LLC acquired a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,527 shares of the company's stock, valued at approximately $333,000.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Petco Health and Wellness by 328.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company's stock worth $8,014,000 after purchasing an additional 1,349,728 shares in the last quarter. FMR LLC lifted its stake in shares of Petco Health and Wellness by 170.9% in the third quarter. FMR LLC now owns 1,521,516 shares of the company's stock valued at $6,923,000 after buying an additional 959,960 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Petco Health and Wellness during the third quarter valued at about $728,000. Geode Capital Management LLC increased its position in shares of Petco Health and Wellness by 9.2% during the third quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company's stock worth $10,068,000 after acquiring an additional 186,230 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Petco Health and Wellness by 14.3% in the 4th quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company's stock worth $172,000 after acquiring an additional 5,660 shares during the last quarter.

Petco Health and Wellness Stock Performance

Shares of WOOF stock traded up $0.08 during trading hours on Friday, hitting $3.36. 2,852,923 shares of the company were exchanged, compared to its average volume of 4,685,316. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -8.40 and a beta of 1.74. The firm has a fifty day simple moving average of $2.84 and a 200 day simple moving average of $3.80. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $6.29.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on WOOF. Royal Bank of Canada decreased their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Robert W. Baird decreased their price target on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, March 27th. The Goldman Sachs Group raised their price objective on Petco Health and Wellness from $4.00 to $4.48 and gave the company a "buy" rating in a research note on Thursday, March 27th. UBS Group cut their price objective on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, StockNews.com upgraded shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Petco Health and Wellness currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.11.

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.