Candlestick Capital Management LP Trims Stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Candlestick Capital Management LP decreased its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 32.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,219,172 shares of the company’s stock after selling 1,049,310 shares during the period. Candlestick Capital Management LP owned 0.71% of Petco Health and Wellness worth $8,455,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Petco Health and Wellness by 328.0% in the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock valued at $8,014,000 after buying an additional 1,349,728 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Petco Health and Wellness in the third quarter valued at approximately $728,000. Geode Capital Management LLC grew its holdings in shares of Petco Health and Wellness by 9.2% during the third quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock worth $10,068,000 after buying an additional 186,230 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Petco Health and Wellness by 14.3% in the fourth quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company’s stock valued at $172,000 after purchasing an additional 5,660 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Petco Health and Wellness in the third quarter valued at about $66,000.

Wall Street Analysts Forecast Growth

WOOF has been the subject of a number of analyst reports. Citigroup dropped their price objective on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Wedbush reduced their price target on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday, March 27th. UBS Group reduced their target price on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada cut their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday, March 27th. Finally, Robert W. Baird cut their price objective 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. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.11.

Petco Health and Wellness Trading Down 2.2 %

NASDAQ WOOF opened at $3.09 on Monday. The stock has a market capitalization of $973.74 million, a P/E ratio of -7.73 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a 52-week low of $1.50 and a 52-week high of $6.29. The firm has a 50-day moving average price of $2.84 and a 200 day moving average price of $3.66. 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 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.