Geode Capital Management LLC Increases Stock Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Geode Capital Management LLC grew its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 9.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,212,292 shares of the company’s stock after acquiring an additional 186,230 shares during the period. Geode Capital Management LLC owned about 0.71% of Petco Health and Wellness worth $10,068,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in Petco Health and Wellness in the 3rd quarter valued at approximately $602,000. Quadrature Capital Ltd purchased a new position in shares of Petco Health and Wellness during the third quarter worth $58,000. Point72 DIFC Ltd acquired a new stake in shares of Petco Health and Wellness in the third quarter valued at $118,000. Invenomic Capital Management LP purchased a new stake in shares of Petco Health and Wellness in the 3rd quarter valued at $2,747,000. Finally, Holocene Advisors LP raised its holdings in shares of Petco Health and Wellness by 8.7% in the 3rd quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock valued at $34,386,000 after buying an additional 602,602 shares during the period.

Petco Health and Wellness Stock Down 0.5 %

Petco Health and Wellness stock opened at $3.81 on Thursday. The stock has a market cap of $1.19 billion, a PE ratio of -9.53 and a beta of 1.89. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The stock’s fifty day moving average is $4.35 and its two-hundred day moving average is $3.92. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $6.29.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group reduced their target price on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Citigroup boosted their price target on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Wedbush increased their price objective on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Hold” and an average price target of $4.25.

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.