State Street Corp Cuts Stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

State Street Corp cut its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,030,132 shares of the company’s stock after selling 31,109 shares during the period. State Street Corp’s holdings in Petco Health and Wellness were worth $9,237,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WOOF. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Petco Health and Wellness by 253.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after acquiring an additional 8,056 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Petco Health and Wellness during the second quarter worth $44,000. Choreo LLC acquired a new position in shares of Petco Health and Wellness in the 2nd quarter valued at about $45,000. Quadrature Capital Ltd bought a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at about $58,000. Finally, Frank Rimerman Advisors LLC bought a new position in Petco Health and Wellness in the second quarter worth about $50,000.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley upped their price objective on Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. The Goldman Sachs Group dropped their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Citigroup lifted their price objective on shares of Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Wedbush raised 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 note on Friday, December 6th. Finally, Wells Fargo & Company boosted 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.25.

Petco Health and Wellness Stock Performance

WOOF opened at $4.13 on Friday. The business has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $3.91. The firm has a market cap of $1.29 billion, a PE ratio of -10.33 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. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week 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.