Rice Hall James & Associates LLC Acquires 118,410 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Rice Hall James & Associates LLC grew its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 584,453 shares of the company's stock after buying an additional 118,410 shares during the period. Rice Hall James & Associates LLC owned approximately 0.19% of Petco Health and Wellness worth $2,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC boosted its holdings in Petco Health and Wellness by 14.3% during the fourth quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company's stock worth $172,000 after buying an additional 5,660 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Petco Health and Wellness by 253.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock worth $51,000 after purchasing an additional 8,056 shares during the period. Diversified Trust Co raised its position in shares of Petco Health and Wellness by 57.2% during the fourth quarter. Diversified Trust Co now owns 25,486 shares of the company's stock worth $97,000 after purchasing an additional 9,272 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Petco Health and Wellness during the third quarter worth about $58,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Petco Health and Wellness during the third quarter worth about $66,000.

Petco Health and Wellness Stock Down 2.7 %

WOOF stock traded down $0.08 during mid-day trading on Friday, reaching $2.91. The company had a trading volume of 2,978,152 shares, compared to its average volume of 3,861,131. 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 stock has a 50 day simple moving average of $3.69 and a two-hundred day simple moving average of $3.95. The company has a market capitalization of $912.14 million, a price-to-earnings ratio of -7.28 and a beta of 1.88. Petco Health and Wellness Company, Inc. has a 52 week low of $1.41 and a 52 week high of $6.29.

Wall Street Analyst Weigh In

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

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.