Charles Schwab Investment Management Inc. Sells 299,759 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Charles Schwab Investment Management Inc. trimmed its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,067,931 shares of the company’s stock after selling 299,759 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Petco Health and Wellness were worth $4,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WOOF. Intech Investment Management LLC purchased a new stake in shares of Petco Health and Wellness in the 3rd quarter worth approximately $144,000. Dynamic Technology Lab Private Ltd purchased a new stake in Petco Health and Wellness in the third quarter worth about $412,000. FMR LLC increased its stake in Petco Health and Wellness by 170.9% in the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company’s stock worth $6,923,000 after buying an additional 959,960 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Petco Health and Wellness during the third quarter worth $675,000. Finally, MetLife Investment Management LLC boosted its position in shares of 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 valued at $228,000 after acquiring an additional 28,259 shares during the last quarter.

Petco Health and Wellness Trading Down 1.2 %

WOOF stock opened at $2.44 on Thursday. The stock has a market cap of $764.81 million, a price-to-earnings ratio of -6.10 and a beta of 1.92. The business’s 50-day moving average is $2.99 and its 200 day moving average is $3.92. 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 current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup lowered 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. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. 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 on the stock in a report on Tuesday, January 21st. Wedbush restated an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Finally, StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.28.

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.