Ethic Inc. Has $39,000 Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Ethic Inc. reduced its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 38.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,280 shares of the company’s stock after selling 6,501 shares during the period. Ethic Inc.’s holdings in Petco Health and Wellness were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC boosted its holdings in 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 valued at $172,000 after purchasing an additional 5,660 shares during the period. Empowered Funds LLC acquired a new position in Petco Health and Wellness during the 4th quarter worth approximately $4,516,000. Shade Tree Advisors LLC acquired a new position in Petco Health and Wellness during the 4th quarter worth approximately $131,000. Principal Financial Group Inc. increased its position in Petco Health and Wellness by 27.0% during the 4th quarter. Principal Financial Group Inc. now owns 203,121 shares of the company’s stock worth $774,000 after purchasing an additional 43,229 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in Petco Health and Wellness by 25.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 584,453 shares of the company’s stock worth $2,227,000 after acquiring an additional 118,410 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank of Canada decreased their price target 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. The Goldman Sachs Group increased their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a report on Thursday, March 27th. UBS Group decreased their target price on Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Morgan Stanley dropped 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. Finally, Robert W. Baird lowered their price target on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.11.

Petco Health and Wellness Stock Up 5.0%

Shares of NASDAQ:WOOF opened at $3.33 on Monday. The firm has a fifty day moving average of $2.96 and a 200 day moving average of $3.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness Company, Inc. has a 52-week low of $2.23 and a 52-week high of $6.29. The firm has a market capitalization of $1.05 billion, a PE ratio of -8.33 and a beta of 1.74.

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.