Charles Schwab Investment Management Inc. Sells 299,759 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,067,931 shares of the company’s stock after selling 299,759 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.34% of Petco Health and Wellness worth $4,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WOOF. New York State Common Retirement Fund lifted its position 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 acquiring an additional 3,711 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after purchasing an additional 8,056 shares in the last quarter. Quadrature Capital Ltd bought a new position in Petco Health and Wellness in the 3rd quarter worth about $58,000. Sanctuary Advisors LLC purchased a new position in Petco Health and Wellness during the 3rd quarter valued at about $66,000. Finally, Advyzon Investment Management LLC bought a new stake in shares of Petco Health and Wellness during the fourth quarter valued at about $85,000.

Analyst Ratings Changes

WOOF has been the subject of several recent analyst reports. Morgan Stanley reduced 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 research note on Tuesday, January 21st. Citigroup reduced their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Wells Fargo & Company increased their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.28.

Petco Health and Wellness Stock Performance

NASDAQ:WOOF opened at $2.44 on Thursday. The company has a market capitalization of $764.81 million, a price-to-earnings ratio of -6.10 and a beta of 1.92. The business has a 50 day moving average of $2.99 and a 200 day moving average of $3.92. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $6.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22.

Petco Health and Wellness 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.