Polymer Capital Management US LLC Invests $333,000 in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Polymer Capital Management US LLC purchased a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 87,527 shares of the company’s stock, valued at approximately $333,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Petco Health and Wellness by 170.9% during the third quarter. FMR LLC now owns 1,521,516 shares of the company’s stock worth $6,923,000 after acquiring an additional 959,960 shares during the period. MetLife Investment Management LLC lifted its holdings in Petco Health and Wellness by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 50,153 shares of the company’s stock worth $228,000 after purchasing an additional 28,259 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Petco Health and Wellness by 11.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,413 shares of the company’s stock valued at $1,476,000 after purchasing an additional 34,198 shares during the period. Point72 DIFC Ltd acquired a new position in Petco Health and Wellness in the 3rd quarter valued at $118,000. Finally, Quadrature Capital Ltd bought a new position in Petco Health and Wellness during the 3rd quarter worth $58,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WOOF shares. Royal Bank of Canada reduced 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. Morgan Stanley cut their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Wedbush lowered 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. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.11.

Petco Health and Wellness Stock Up 1.0 %

NASDAQ WOOF opened at $2.89 on Tuesday. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The business has a fifty day moving average price of $2.88 and a two-hundred day moving average price of $3.85. 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 $905.86 million, a PE ratio of -7.23 and a beta of 1.74.

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.