Optimize Financial Inc Purchases New Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Optimize Financial Inc acquired a new position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 173,278 shares of the company’s stock, valued at approximately $660,000.

Several other large investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Petco Health and Wellness in the 4th quarter valued at approximately $25,000. Scotia Capital Inc. bought a new position in Petco Health and Wellness in the fourth quarter worth $41,000. New York State Common Retirement Fund lifted its position in Petco Health and Wellness by 47.6% during 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 during the period. Blueprint Investment Partners LLC bought a new stake in shares of Petco Health and Wellness during the 4th quarter valued at $44,000. Finally, Bank of Nova Scotia purchased a new stake in shares of Petco Health and Wellness in the 4th quarter worth about $50,000.

Analyst Upgrades and Downgrades

WOOF has been the subject of a number of recent research reports. Wedbush lowered their price target on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Citigroup reduced their price objective 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. Morgan Stanley dropped their target price on 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. Finally, Robert W. Baird reduced their price target on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Petco Health and Wellness currently has an average rating of “Moderate Buy” and a consensus price target of $4.11.

Petco Health and Wellness Trading Up 2.4 %

Petco Health and Wellness stock opened at $3.36 on Friday. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $6.29. The business’s fifty day moving average is $2.84 and its 200 day moving average is $3.80. 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 $1.05 billion, a PE ratio of -8.40 and a beta of 1.74.

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.