Tower Research Capital LLC TRC Increases Stock Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Tower Research Capital LLC TRC lifted its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 203.6% during the fourth quarter, Holdings Channel reports. The firm owned 25,110 shares of the company’s stock after acquiring an additional 16,840 shares during the period. Tower Research Capital LLC TRC’s holdings in Petco Health and Wellness were worth $96,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WOOF. Dimensional Fund Advisors LP increased its stake in Petco Health and Wellness by 269.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock valued at $12,354,000 after buying an additional 2,365,654 shares during the last quarter. Norges Bank bought a new position in shares of Petco Health and Wellness in the fourth quarter valued at approximately $8,864,000. Geode Capital Management LLC increased its position in shares of Petco Health and Wellness by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,227,001 shares of the company’s stock valued at $8,487,000 after acquiring an additional 14,709 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Petco Health and Wellness by 328.0% during the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock worth $8,014,000 after acquiring an additional 1,349,728 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Petco Health and Wellness by 26.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,751 shares of the company’s stock worth $5,215,000 after purchasing an additional 289,629 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WOOF shares. The Goldman Sachs Group raised their target price on Petco Health and Wellness from $4.00 to $4.48 and gave the company a “buy” rating in a research report on Thursday, March 27th. Royal Bank of Canada decreased 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 report on Thursday, March 27th. Robert W. Baird dropped their target price on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. 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. Finally, Citigroup dropped their price objective on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.11.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF opened at $3.13 on Friday. The firm has a market capitalization of $986.34 million, a P/E ratio of -7.83 and a beta of 1.74. 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 stock’s 50-day simple moving average is $2.90 and its two-hundred day simple moving average is $3.56. Petco Health and Wellness Company, Inc. has a twelve month low of $1.64 and a twelve month high of $6.29.

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.