Bleakley Financial Group LLC Increases Stock Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Bleakley Financial Group LLC lifted its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 14.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,122 shares of the company’s stock after purchasing an additional 5,660 shares during the quarter. Bleakley Financial Group LLC’s holdings in Petco Health and Wellness were worth $172,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. PDT Partners LLC purchased a new position in Petco Health and Wellness in the 3rd quarter valued at approximately $865,000. Invenomic Capital Management LP acquired a new position in shares of Petco Health and Wellness during the third quarter worth about $2,747,000. JPMorgan Chase & Co. increased its position in shares of Petco Health and Wellness by 328.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock valued at $8,014,000 after purchasing an additional 1,349,728 shares during the last quarter. FMR LLC boosted its position in shares of 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 acquiring an additional 959,960 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Petco Health and Wellness in the third quarter valued at approximately $728,000.

Petco Health and Wellness Trading Up 2.7 %

WOOF opened at $3.06 on Thursday. The stock has a market capitalization of $959.16 million, a PE ratio of -7.65 and a beta of 1.88. The firm’s fifty day moving average price is $3.91 and its 200 day moving average price is $3.96. 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 Company, Inc. has a 12-month low of $1.41 and a 12-month high of $6.29.

Wall Street Analyst Weigh In

WOOF has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a research note on Friday, December 20th. Wedbush increased their price target on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Morgan Stanley lowered their price objective on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company lifted their price target on shares of 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. Finally, StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.16.

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.