AXQ Capital LP Purchases New Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

AXQ Capital LP acquired a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,072 shares of the company’s stock, valued at approximately $84,000.

Other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund lifted its holdings in Petco Health and Wellness by 47.6% during the 4th 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 last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Petco Health and Wellness by 253.7% in 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 period. Quadrature Capital Ltd acquired a new position in shares of Petco Health and Wellness in the third quarter valued at about $58,000. Sanctuary Advisors LLC bought a new position in Petco Health and Wellness during the third quarter worth about $66,000. Finally, Sei Investments Co. raised its stake in Petco Health and Wellness by 54.7% in the 4th quarter. Sei Investments Co. now owns 18,009 shares of the company’s stock worth $69,000 after purchasing an additional 6,371 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Wedbush reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a report on Wednesday, February 19th. Morgan Stanley cut their target price on Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company boosted their price target 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research note on Friday, December 20th. 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. According to MarketBeat, Petco Health and Wellness has an average rating of “Hold” and a consensus target price of $4.28.

Petco Health and Wellness Trading Up 1.2 %

WOOF opened at $2.47 on Tuesday. The company has a market cap of $774.22 million, a P/E ratio of -6.18 and a beta of 1.92. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The company’s 50 day moving average is $3.05 and its 200-day moving average is $3.93. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $6.29.

About Petco Health and Wellness

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.