Balyasny Asset Management L.P. Sells 2,017,260 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Balyasny Asset Management L.P. trimmed its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 54.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,677,227 shares of the company’s stock after selling 2,017,260 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Petco Health and Wellness were worth $6,390,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bayesian Capital Management LP bought a new position in shares of Petco Health and Wellness during the 4th quarter valued at approximately $96,000. Bank of America Corp DE increased its holdings in shares of Petco Health and Wellness by 13.6% in the 4th quarter. Bank of America Corp DE now owns 1,099,137 shares of the company’s stock worth $4,188,000 after buying an additional 131,985 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Petco Health and Wellness in the 4th quarter valued at about $1,428,000. Algert Global LLC grew its position in Petco Health and Wellness by 94.0% in the fourth quarter. Algert Global LLC now owns 108,823 shares of the company’s stock worth $415,000 after acquiring an additional 52,738 shares in the last quarter. Finally, Voleon Capital Management LP bought a new stake in Petco Health and Wellness during the fourth quarter worth approximately $918,000.

Analysts Set New Price Targets

WOOF has been the topic of a number of analyst reports. Wedbush 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 research report on Thursday, March 27th. Robert W. Baird reduced their target price on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Citigroup decreased 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. Finally, Royal Bank of Canada dropped their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $4.11.

Petco Health and Wellness Stock Performance

Shares of NASDAQ:WOOF opened at $3.13 on Friday. The firm has a 50 day moving average of $2.90 and a 200 day moving average of $3.56. 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 company has a market capitalization of $986.34 million, a price-to-earnings ratio of -7.83 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a 52 week low of $1.64 and a 52 week high of $6.29.

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.