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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 11.8% during the third quarter, Holdings Channel.com reports. The firm 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’s holdings in Petco Health and Wellness were worth $1,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Caprock Group LLC purchased a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at approximately $44,000. Choreo LLC acquired a new position in shares of Petco Health and Wellness in the 2nd quarter valued at $45,000. Frank Rimerman Advisors LLC purchased a new position in shares of Petco Health and Wellness during the 2nd quarter worth $50,000. nVerses Capital LLC acquired a new stake in shares of Petco Health and Wellness during the 2nd quarter worth about $52,000. Finally, Pallas Capital Advisors LLC purchased a new stake in Petco Health and Wellness in the 2nd quarter valued at about $58,000.

Petco Health and Wellness Price Performance

WOOF stock opened at $4.29 on Tuesday. Petco Health and Wellness Company, Inc. has a 1 year low of $1.41 and a 1 year high of $6.29. The firm has a market capitalization of $1.34 billion, a P/E ratio of -10.73 and a beta of 1.89. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The business’s 50-day moving average is $4.55 and its two-hundred day moving average is $3.90.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WOOF. Wedbush lifted their price target on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Morgan Stanley boosted their target price on Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Royal Bank of Canada raised their price target on Petco Health and Wellness from $5.00 to $6.00 and gave the stock an “outperform” 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 report on Monday, December 9th. Finally, The Goldman Sachs Group lowered their target price on Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.