Commonwealth Equity Services LLC Acquires Shares of 23,236 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Commonwealth Equity Services LLC bought a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the fourth quarter, Holdings Channel.com reports. The firm bought 23,236 shares of the company’s stock, valued at approximately $89,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Petco Health and Wellness by 170.9% during the third quarter. FMR LLC now owns 1,521,516 shares of the company’s stock worth $6,923,000 after buying an additional 959,960 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Petco Health and Wellness by 11.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,413 shares of the company’s stock worth $1,476,000 after acquiring an additional 34,198 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Petco Health and Wellness during the third quarter worth about $58,000. XTX Topco Ltd acquired a new stake in Petco Health and Wellness during the 3rd quarter worth approximately $602,000. Finally, Geode Capital Management LLC lifted its position in Petco Health and Wellness by 9.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock valued at $10,068,000 after acquiring an additional 186,230 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup decreased their price objective on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a report on Tuesday, March 18th. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Royal Bank of Canada reduced their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday, March 27th. UBS Group lowered their target price on Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Finally, Morgan Stanley reduced their price target 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. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.11.

Petco Health and Wellness Trading Up 2.4 %

Shares of NASDAQ:WOOF opened at $3.36 on Friday. 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 debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The company has a market capitalization of $1.05 billion, a P/E ratio of -8.40 and a beta of 1.74. The company has a 50-day simple moving average of $2.84 and a 200 day simple moving average of $3.80.

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.