BNP Paribas Financial Markets Invests $1.43 Million in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

BNP Paribas Financial Markets bought a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 374,842 shares of the company’s stock, valued at approximately $1,428,000. BNP Paribas Financial Markets owned 0.12% of Petco Health and Wellness at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in shares of Petco Health and Wellness during the fourth quarter worth approximately $25,000. Scotia Capital Inc. bought a new position in shares of Petco Health and Wellness during the fourth quarter worth approximately $41,000. Blueprint Investment Partners LLC bought a new position in shares of Petco Health and Wellness during the fourth quarter worth approximately $44,000. New York State Common Retirement Fund increased its stake 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 purchasing an additional 3,711 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in Petco Health and Wellness during the fourth quarter worth approximately $50,000.

Analyst Upgrades and Downgrades

WOOF has been the topic of a number of analyst reports. Robert W. Baird reduced their price target on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada reduced their price target on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday, March 27th. Morgan Stanley reduced their price target on 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. Citigroup reduced their price target on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. Finally, UBS Group reduced their price target on Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $4.11.

Petco Health and Wellness Trading Up 5.0%

Shares of WOOF stock opened at $3.33 on Monday. The stock’s fifty day moving average price is $2.96 and its two-hundred day moving average price is $3.50. The company has a market cap of $1.05 billion, a PE ratio of -8.33 and a beta of 1.74. Petco Health and Wellness Company, Inc. has a fifty-two week low of $2.23 and a fifty-two week high of $6.29. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84.

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.