Woodline Partners LP Has $3.82 Million Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Woodline Partners LP lessened its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 47.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,002,204 shares of the company’s stock after selling 922,093 shares during the period. Woodline Partners LP’s holdings in Petco Health and Wellness were worth $3,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WOOF. Dimensional Fund Advisors LP lifted its stake in shares of Petco Health and Wellness by 269.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,242,546 shares of the company’s stock valued at $12,354,000 after purchasing an additional 2,365,654 shares during the last quarter. Norges Bank acquired a new stake in shares of Petco Health and Wellness in the 4th quarter valued at $8,864,000. Bridgeway Capital Management LLC acquired a new stake in shares of Petco Health and Wellness in the 4th quarter valued at $8,604,000. Driehaus Capital Management LLC acquired a new stake in shares of Petco Health and Wellness in the 4th quarter valued at $6,887,000. Finally, Nuveen Asset Management LLC lifted its stake in shares of Petco Health and Wellness by 513.6% in the 4th quarter. Nuveen Asset Management LLC now owns 2,102,175 shares of the company’s stock valued at $8,009,000 after purchasing an additional 1,759,570 shares during the last quarter.

Petco Health and Wellness Stock Down 1.6%

WOOF stock opened at $3.63 on Friday. Petco Health and Wellness Company, Inc. has a twelve month low of $2.23 and a twelve month 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 company has a market cap of $1.14 billion, a PE ratio of -9.08 and a beta of 1.74. The business’s 50-day simple moving average is $3.09 and its 200 day simple moving average is $3.48.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WOOF. UBS Group cut their target price on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Robert W. Baird cut their target price on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Wedbush cut their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Royal Bank of Canada cut their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Finally, Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.00.

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.