SRS Capital Advisors Inc. Has $32,000 Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

SRS Capital Advisors Inc. reduced its stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 40.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,312 shares of the company’s stock after selling 5,707 shares during the period. SRS Capital Advisors Inc.’s holdings in Petco Health and Wellness were worth $32,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Holocene Advisors LP increased its holdings in shares of Petco Health and Wellness by 8.7% in the third quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock valued at $34,386,000 after purchasing an additional 602,602 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Petco Health and Wellness by 9.2% in the third quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock valued at $10,068,000 after acquiring an additional 186,230 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 acquiring an additional 1,349,728 shares in the last quarter. FMR LLC grew its stake in shares of Petco Health and Wellness by 170.9% in the third quarter. FMR LLC now owns 1,521,516 shares of the company’s stock valued at $6,923,000 after acquiring an additional 959,960 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Petco Health and Wellness in the fourth quarter valued at about $4,516,000.

Wall Street Analyst Weigh In

WOOF has been the topic of several research reports. StockNews.com downgraded shares of Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Wells Fargo & Company upped their price target on shares of 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. Morgan Stanley decreased their price target on shares of 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 restated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. Finally, Wedbush restated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Petco Health and Wellness has a consensus rating of “Hold” and an average target price of $4.16.

Petco Health and Wellness Trading Up 2.4 %

WOOF opened at $2.58 on Friday. Petco Health and Wellness Company, Inc. has a twelve month low of $1.41 and a twelve month high of $6.29. The company has a 50-day simple moving average of $3.40 and a 200 day simple moving average of $3.96. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $808.70 million, a price-to-earnings ratio of -6.45 and a beta of 1.92.

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.