Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 537,466 shares of the company’s stock after selling 81,124 shares during the quarter. Bank of New York Mellon Corp owned about 0.17% of Petco Health and Wellness worth $2,048,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Advyzon Investment Management LLC acquired a new stake in shares of Petco Health and Wellness in the fourth quarter valued at approximately $85,000. New York State Common Retirement Fund raised its stake in shares of Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after purchasing an additional 3,711 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in shares of Petco Health and Wellness by 25.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 584,453 shares of the company’s stock worth $2,227,000 after purchasing an additional 118,410 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Petco Health and Wellness by 27.0% during the fourth 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 during the last quarter. Finally, Shade Tree Advisors LLC purchased a new stake in shares of Petco Health and Wellness during the fourth quarter worth approximately $131,000.

Analysts Set New Price Targets

WOOF has been the subject of several analyst reports. Wells Fargo & Company upped their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday. Wedbush restated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Citigroup cut their price target on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.28.

Petco Health and Wellness Trading Up 1.2 %

NASDAQ:WOOF opened at $2.44 on Friday. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $6.29. The stock has a market capitalization of $764.81 million, a price-to-earnings ratio of -6.10 and a beta of 1.92. The stock has a fifty day moving average price of $3.07 and a two-hundred day moving average price of $3.92. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84.

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.