JPMorgan Chase & Co. Sells 687,002 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

JPMorgan Chase & Co. reduced its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,074,245 shares of the company’s stock after selling 687,002 shares during the period. JPMorgan Chase & Co.’s holdings in Petco Health and Wellness were worth $4,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 186,230 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Petco Health and Wellness by 26.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,751 shares of the company’s stock valued at $5,215,000 after buying an additional 289,629 shares during the period. Empowered Funds LLC bought a new stake in shares of Petco Health and Wellness during the 4th quarter valued at $4,516,000. Rice Hall James & Associates LLC grew its position in shares of Petco Health and Wellness by 25.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 584,453 shares of the company’s stock worth $2,227,000 after buying an additional 118,410 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Petco Health and Wellness by 27.0% in the 4th quarter. Principal Financial Group Inc. now owns 203,121 shares of the company’s stock worth $774,000 after acquiring an additional 43,229 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WOOF. UBS Group cut their price objective on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a report on Thursday, March 27th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Robert W. Baird dropped 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 research note on Thursday, March 27th. 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 for the company in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reduced their price target on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.11.

Petco Health and Wellness Stock Down 0.3 %

Shares of Petco Health and Wellness stock opened at $3.09 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $6.29. The company has a market cap of $973.74 million, a price-to-earnings ratio of -7.73 and a beta of 1.74. The company’s 50 day moving average is $2.83 and its 200 day moving average is $3.74.

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.