Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 9.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,212,292 shares of the company’s stock after purchasing an additional 186,230 shares during the quarter. Geode Capital Management LLC’s holdings in Petco Health and Wellness were worth $10,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in shares of Petco Health and Wellness by 82.1% during the second quarter. AQR Capital Management LLC now owns 6,549,366 shares of the company’s stock worth $22,661,000 after purchasing an additional 2,953,667 shares in the last quarter. Millennium Management LLC grew its stake in Petco Health and Wellness by 233.7% during the 2nd quarter. Millennium Management LLC now owns 2,679,132 shares of the company’s stock worth $10,127,000 after buying an additional 1,876,233 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Petco Health and Wellness by 1,212.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,815,479 shares of the company’s stock worth $6,863,000 after buying an additional 1,677,179 shares during the last quarter. Marshall Wace LLP lifted its stake in Petco Health and Wellness by 47.3% in the second quarter. Marshall Wace LLP now owns 3,401,248 shares of the company’s stock valued at $12,857,000 after buying an additional 1,092,204 shares during the last quarter. Finally, FMR LLC grew its position in shares of Petco Health and Wellness by 170.9% during the third 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 during the last quarter.

Petco Health and Wellness Trading Down 0.5 %

Shares of WOOF stock opened at $3.81 on Thursday. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $6.29. 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 fifty day moving average price is $4.35 and its 200 day moving average price is $3.92. The firm has a market capitalization of $1.19 billion, a PE ratio of -9.53 and a beta of 1.89.

Analysts Set New Price Targets

A number of analysts recently weighed in on WOOF shares. 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 research note on Friday, December 6th. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group decreased 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 report on Thursday, September 12th. Finally, Wells Fargo & Company boosted their target price on 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. One research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.25.

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.