Polymer Capital Management US LLC Acquires New Holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Polymer Capital Management US LLC bought a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) during the fourth quarter, HoldingsChannel reports. The fund bought 87,527 shares of the company’s stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Petco Health and Wellness during the 4th quarter valued at $25,000. New York State Common Retirement Fund raised its position in 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 purchasing an additional 3,711 shares during the last quarter. Blueprint Investment Partners LLC bought a new position in Petco Health and Wellness in the fourth quarter valued at about $44,000. Quadrature Capital Ltd acquired a new stake in shares of Petco Health and Wellness during the third quarter valued at about $58,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Petco Health and Wellness during the third quarter worth about $66,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating for the company in a report on Thursday, March 27th. Robert W. Baird cut their price target on shares of Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, March 27th. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Citigroup lowered their target price on Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Finally, Morgan Stanley reduced 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 report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.11.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $2.89 on Tuesday. The business has a 50-day moving average price of $2.88 and a two-hundred day moving average price of $3.85. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year 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. The company has a market cap of $905.86 million, a P/E ratio of -7.23 and a beta of 1.74.

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.