Soviero Asset Management LP Acquires New Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Soviero Asset Management LP acquired a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 4th quarter, Holdings Channel.com reports. The fund acquired 350,000 shares of the company’s stock, valued at approximately $1,334,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at approximately $25,000. Scotia Capital Inc. acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at approximately $41,000. Blueprint Investment Partners LLC acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at approximately $44,000. New York State Common Retirement Fund grew its position in shares of Petco Health and Wellness by 47.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after purchasing an additional 3,711 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at approximately $45,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WOOF. Royal Bank of Canada reduced their price target on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. UBS Group reduced their price target on Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Wedbush reduced their price target on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Morgan Stanley reduced their price target on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Finally, StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.11.

Petco Health and Wellness Trading Up 5.0%

Shares of Petco Health and Wellness stock opened at $3.33 on Monday. Petco Health and Wellness Company, Inc. has a 12-month low of $2.23 and a 12-month high of $6.29. The stock has a market cap of $1.05 billion, a P/E ratio of -8.33 and a beta of 1.74. 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’s 50 day moving average is $2.96 and its 200-day moving average is $3.50.

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.