Algert Global LLC Has $415,000 Stock Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Algert Global LLC increased its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 94.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,823 shares of the company’s stock after purchasing an additional 52,738 shares during the period. Algert Global LLC’s holdings in Petco Health and Wellness were worth $415,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WOOF. Aster Capital Management DIFC Ltd acquired a new stake in shares of Petco Health and Wellness during the fourth quarter worth approximately $25,000. Scotia Capital Inc. acquired a new stake in shares of Petco Health and Wellness during the fourth quarter worth approximately $41,000. New York State Common Retirement Fund increased its holdings in shares of Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after buying an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC acquired a new stake in shares of Petco Health and Wellness during the fourth quarter worth approximately $44,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Petco Health and Wellness during the fourth quarter worth approximately $50,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a report on Thursday, March 27th. Morgan Stanley lowered their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Wedbush lowered their price target on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. Citigroup lowered their price target 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, Robert W. Baird lowered their price target on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, March 27th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Petco Health and Wellness currently has an average rating of “Moderate Buy” and an average price target of $4.11.

Petco Health and Wellness Price Performance

Shares of WOOF stock opened at $3.13 on Monday. Petco Health and Wellness Company, Inc. has a 52-week low of $1.71 and a 52-week high of $6.29. The stock has a market cap of $986.34 million, a PE ratio of -7.83 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The firm’s 50 day moving average price is $2.90 and its two-hundred day moving average price is $3.55.

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.