Barclays PLC Sells 255,201 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Barclays PLC reduced its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 54.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 216,564 shares of the company’s stock after selling 255,201 shares during the quarter. Barclays PLC owned about 0.07% of Petco Health and Wellness worth $985,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in shares of Petco Health and Wellness by 253.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 721,630 shares of the company’s stock valued at $2,728,000 after purchasing an additional 517,738 shares during the period. nVerses Capital LLC purchased a new position in shares of Petco Health and Wellness in the 2nd quarter valued at approximately $52,000. Rhumbline Advisers lifted its stake in shares of Petco Health and Wellness by 69.3% in the 2nd quarter. Rhumbline Advisers now owns 126,631 shares of the company’s stock valued at $479,000 after purchasing an additional 51,840 shares during the period. Gries Financial LLC purchased a new position in shares of Petco Health and Wellness in the 2nd quarter valued at approximately $88,000. Finally, Norden Group LLC lifted its stake in shares of Petco Health and Wellness by 31.7% in the 2nd quarter. Norden Group LLC now owns 17,860 shares of the company’s stock valued at $68,000 after purchasing an additional 4,301 shares during the period.

Analysts Set New Price Targets

A number of research analysts have issued reports on WOOF shares. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research note on Friday, December 20th. Citigroup lifted their price objective 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. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company lifted their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group lowered their price objective on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.25.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $3.83 on Tuesday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -9.58 and a beta of 1.89. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The business has a 50-day moving average price of $4.39 and a 200-day moving average price of $3.92. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $6.29.

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.