Bank of Nova Scotia Makes New $50,000 Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Bank of Nova Scotia purchased a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,225 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of Petco Health and Wellness in the 4th quarter valued at $8,864,000. JPMorgan Chase & Co. lifted its holdings in Petco Health and Wellness by 328.0% during the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock worth $8,014,000 after acquiring an additional 1,349,728 shares in the last quarter. Empowered Funds LLC acquired a new position in Petco Health and Wellness in the fourth quarter valued at about $4,516,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Petco Health and Wellness by 26.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,751 shares of the company’s stock worth $5,215,000 after acquiring an additional 289,629 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Petco Health and Wellness by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock valued at $10,068,000 after purchasing an additional 186,230 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have commented on WOOF. Robert W. Baird dropped their target price on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group increased their target price on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a report on Thursday, March 27th. Citigroup cut their price target on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley reduced their price objective 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Petco Health and Wellness presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.11.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $3.06 on Wednesday. The company has a market cap of $959.15 million, a PE ratio of -7.65 and a beta of 1.74. The firm has a 50-day moving average of $2.83 and a 200-day moving average of $3.78. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one 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.

Petco Health and Wellness 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.