UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 11.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,413 shares of the company’s stock after buying an additional 34,198 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Petco Health and Wellness worth $1,476,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MetLife Investment Management LLC boosted its holdings in shares of Petco Health and Wellness by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 50,153 shares of the company’s stock valued at $228,000 after acquiring an additional 28,259 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in Petco Health and Wellness in the third quarter valued at $675,000. FMR LLC grew its position in Petco Health and Wellness by 170.9% during the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company’s stock worth $6,923,000 after purchasing an additional 959,960 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Petco Health and Wellness during the 3rd quarter valued at about $412,000. Finally, Intech Investment Management LLC acquired a new position in shares of Petco Health and Wellness in the 3rd quarter valued at about $144,000.

Petco Health and Wellness Stock Performance

WOOF opened at $4.29 on Tuesday. The firm has a market capitalization of $1.34 billion, a PE ratio of -10.73 and a beta of 1.89. The company has a current ratio of 0.84, a quick ratio of 0.22 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 firm’s 50-day moving average price is $4.55 and its 200 day moving average price is $3.90.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Petco Health and Wellness from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Wedbush boosted their target price on shares of 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. Wells Fargo & Company lifted their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. The Goldman Sachs Group lowered 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 research note on Thursday, September 12th. Finally, Citigroup lifted their price target on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.16.

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.