Bank of New York Mellon Corp Reduces Stock Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Bank of New York Mellon Corp lowered its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 13.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 537,466 shares of the company’s stock after selling 81,124 shares during the period. Bank of New York Mellon Corp’s holdings in Petco Health and Wellness were worth $2,048,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WOOF. New York State Common Retirement Fund increased its position in shares of Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after buying an additional 3,711 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Petco Health and Wellness by 253.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after acquiring an additional 8,056 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Petco Health and Wellness during the third quarter valued at $58,000. Sanctuary Advisors LLC acquired a new stake in shares of Petco Health and Wellness during the third quarter valued at $66,000. Finally, Advyzon Investment Management LLC acquired a new stake in shares of Petco Health and Wellness during the fourth quarter valued at $85,000.

Petco Health and Wellness Stock Up 1.2 %

WOOF opened at $2.44 on Friday. 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 $764.81 million, a price-to-earnings ratio of -6.10 and a beta of 1.92. The business has a 50-day moving average of $3.07 and a two-hundred day moving average of $3.92. Petco Health and Wellness Company, Inc. has a 12 month low of $1.41 and a 12 month high of $6.29.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup decreased their price objective on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a research note on Tuesday. Wells Fargo & Company increased their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Wedbush reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Finally, Morgan Stanley decreased 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 note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.28.

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.