Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,790 shares of the company’s stock after selling 31,470 shares during the period. Alliancebernstein L.P.’s holdings in Petco Health and Wellness were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund grew its position in Petco Health and Wellness by 47.6% in the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after acquiring an additional 3,711 shares in the last quarter. Blueprint Investment Partners LLC acquired a new stake in Petco Health and Wellness during the 4th quarter worth approximately $44,000. Sanctuary Advisors LLC purchased a new position in Petco Health and Wellness in the 3rd quarter valued at approximately $66,000. Sei Investments Co. grew its stake in shares of Petco Health and Wellness by 54.7% in the fourth quarter. Sei Investments Co. now owns 18,009 shares of the company’s stock worth $69,000 after acquiring an additional 6,371 shares in the last quarter. Finally, Poinciana Advisors Group LLC purchased a new stake in shares of Petco Health and Wellness during the fourth quarter worth $77,000.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $3.09 on Tuesday. Petco Health and Wellness Company, Inc. has a 12 month low of $1.41 and a 12 month high of $6.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The stock has a market capitalization of $973.74 million, a price-to-earnings ratio of -7.73 and a beta of 1.74. The firm’s fifty day simple moving average is $2.83 and its 200-day simple moving average is $3.72.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WOOF shares. StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Wedbush reduced 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 report on Thursday, March 27th. Morgan Stanley dropped their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. UBS Group lowered 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 note on Thursday, March 27th. Finally, The Goldman Sachs Group lifted their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating in a report on Thursday, March 27th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.11.

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.