Two Sigma Investments LP Lowers Stock Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Two Sigma Investments LP lowered its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 28.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,930,998 shares of the company’s stock after selling 1,165,389 shares during the quarter. Two Sigma Investments LP owned 0.94% of Petco Health and Wellness worth $11,167,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WOOF. Aster Capital Management DIFC Ltd acquired a new stake in Petco Health and Wellness in the fourth quarter valued at $25,000. Scotia Capital Inc. purchased a new position in Petco Health and Wellness in the fourth quarter valued at about $41,000. Blueprint Investment Partners LLC purchased a new position in Petco Health and Wellness in the fourth quarter valued at about $44,000. New York State Common Retirement Fund increased its holdings in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after buying an additional 3,711 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Petco Health and Wellness in the fourth quarter valued at about $45,000.

Analyst Ratings Changes

WOOF has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their target price on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the company a “buy” rating in a report on Thursday, March 27th. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. UBS Group lowered their target price on 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. Robert W. Baird lowered their target price on 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. Finally, Royal Bank of Canada 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 report on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.00.

Petco Health and Wellness Stock Performance

NASDAQ WOOF opened at $3.63 on Friday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -9.08 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a fifty-two week low of $2.23 and a fifty-two week high of $6.29. 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 has a fifty day moving average of $3.09 and a 200-day moving average of $3.49.

About Petco Health and Wellness

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.