Geode Capital Management LLC Grows Stock Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Geode Capital Management LLC grew its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,227,001 shares of the company’s stock after purchasing an additional 14,709 shares during the period. Geode Capital Management LLC owned approximately 0.71% of Petco Health and Wellness worth $8,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in shares of Petco Health and Wellness during the 3rd quarter worth approximately $66,000. Franklin Resources Inc. grew its position in Petco Health and Wellness by 362.3% in the third quarter. Franklin Resources Inc. now owns 64,850 shares of the company’s stock worth $305,000 after acquiring an additional 50,821 shares during the period. Principal Financial Group Inc. acquired a new stake in Petco Health and Wellness during the third quarter worth $728,000. JPMorgan Chase & Co. raised its position in Petco Health and Wellness by 328.0% in the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock valued at $8,014,000 after purchasing an additional 1,349,728 shares during the period. Finally, Diversified Trust Co lifted its stake in shares of Petco Health and Wellness by 57.2% in the 4th quarter. Diversified Trust Co now owns 25,486 shares of the company’s stock valued at $97,000 after purchasing an additional 9,272 shares during the last quarter.

Petco Health and Wellness Stock Down 1.6 %

Shares of NASDAQ WOOF opened at $3.06 on Thursday. The business has a 50-day moving average price of $2.84 and a 200 day moving average price of $3.71. The stock has a market cap of $964.29 million, a PE ratio of -7.65 and a beta of 1.74. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $6.29.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citigroup dropped their target price 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. Morgan Stanley decreased their target price on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada lowered their target price on 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. UBS Group cut their price target on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Finally, 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.11.

Petco Health and Wellness Company 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.