JPMorgan Chase & Co. grew its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Free Report) by 328.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,761,247 shares of the company’s stock after buying an additional 1,349,728 shares during the quarter. JPMorgan Chase & Co. owned 0.56% of Petco Health and Wellness worth $8,014,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. lifted its stake in Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after acquiring an additional 8,056 shares during the period. Choreo LLC purchased a new stake in shares of Petco Health and Wellness during the second quarter valued at about $45,000. Quadrature Capital Ltd bought a new stake in shares of Petco Health and Wellness in the 3rd quarter valued at about $58,000. Frank Rimerman Advisors LLC purchased a new position in shares of Petco Health and Wellness in the 2nd quarter worth approximately $50,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Petco Health and Wellness during the 3rd quarter worth approximately $66,000.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. Wells Fargo & Company boosted their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Morgan Stanley increased their price target on Petco Health and Wellness from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Wedbush increased their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Petco Health and Wellness currently has an average rating of “Hold” and an average target price of $4.25.
Petco Health and Wellness Stock Performance
WOOF opened at $3.81 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average of $4.25 and a two-hundred day moving average of $3.95. Petco Health and Wellness Company, Inc. has a 12-month low of $1.41 and a 12-month high of $6.29. The firm has a market capitalization of $1.19 billion, a PE ratio of -9.53 and a beta of 1.90.
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.
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