KLP Kapitalforvaltning AS Takes Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

KLP Kapitalforvaltning AS purchased a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 4th quarter, Holdings Channel.com reports. The firm purchased 21,500 shares of the company’s stock, valued at approximately $82,000.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Petco Health and Wellness by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock worth $10,068,000 after purchasing an additional 186,230 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Petco Health and Wellness by 328.0% in the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock worth $8,014,000 after buying an additional 1,349,728 shares in the last quarter. FMR LLC boosted its position in 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 acquiring an additional 959,960 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Petco Health and Wellness by 26.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,751 shares of the company’s stock valued at $5,215,000 after acquiring an additional 289,629 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in Petco Health and Wellness during the 4th quarter valued at about $4,516,000.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $3.36 on Friday. The stock has a market cap of $1.05 billion, a PE ratio of -8.40 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $6.29. The stock has a fifty day simple moving average of $2.84 and a 200-day simple moving average of $3.80. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Wall Street Analysts Forecast Growth

WOOF has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of 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. UBS Group lowered their price objective on Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Citigroup dropped their target price 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 Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Finally, Morgan Stanley dropped their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.