Vanguard Group Inc. Trims Stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Vanguard Group Inc. decreased its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,009,532 shares of the company's stock after selling 111,316 shares during the quarter. Vanguard Group Inc. owned 2.56% of Petco Health and Wellness worth $30,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WOOF. Blueprint Investment Partners LLC purchased a new position in shares of Petco Health and Wellness in the 4th quarter worth about $44,000. New York State Common Retirement Fund lifted its position in 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 worth $44,000 after buying an additional 3,711 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Petco Health and Wellness in the third quarter worth approximately $66,000. Sei Investments Co. grew its position in Petco Health and Wellness by 54.7% during the fourth quarter. Sei Investments Co. now owns 18,009 shares of the company's stock valued at $69,000 after acquiring an additional 6,371 shares during the last quarter. Finally, Poinciana Advisors Group LLC purchased a new position in shares of Petco Health and Wellness during the fourth quarter worth approximately $77,000.

Petco Health and Wellness Trading Down 0.3 %

Shares of Petco Health and Wellness stock traded down $0.01 during midday trading on Friday, reaching $3.09. 3,795,640 shares of the company's stock traded hands, compared to its average volume of 4,682,761. The stock has a 50 day moving average of $2.83 and a 200-day moving average of $3.77. 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 market cap of $973.74 million, a PE ratio of -7.73 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84.

Analysts Set New Price Targets

A number of equities analysts recently commented on WOOF shares. Morgan Stanley decreased their target price on shares of 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. Citigroup decreased their price objective on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. UBS Group dropped their target price on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating for the company in a report on Thursday, March 27th. The Goldman Sachs Group lifted their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Robert W. Baird dropped their price objective on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness has an average rating of "Moderate Buy" and an average price target 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.