Empowered Funds LLC Buys Shares of 1,185,244 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Empowered Funds LLC bought a new stake in 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. The fund bought 1,185,244 shares of the company’s stock, valued at approximately $4,516,000. Empowered Funds LLC owned approximately 0.38% of Petco Health and Wellness at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC raised its position in Petco Health and Wellness by 14.3% during the fourth quarter. Bleakley Financial Group LLC now owns 45,122 shares of the company’s stock valued at $172,000 after purchasing an additional 5,660 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Petco Health and Wellness by 253.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after purchasing an additional 8,056 shares during the last quarter. Diversified Trust Co raised its holdings in shares of Petco Health and Wellness by 57.2% during the 4th quarter. Diversified Trust Co now owns 25,486 shares of the company’s stock worth $97,000 after buying an additional 9,272 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Petco Health and Wellness during the 3rd quarter worth $58,000. Finally, Sanctuary Advisors LLC acquired a new stake in Petco Health and Wellness in the third quarter valued at about $66,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company boosted their target price on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Morgan Stanley lowered their price objective on shares of 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. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday. Wedbush increased their price target on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.16.

Petco Health and Wellness Trading Down 1.3 %

NASDAQ WOOF opened at $2.98 on Wednesday. The firm has a market capitalization of $934.08 million, a PE ratio of -7.45 and a beta of 1.88. The business’s 50-day moving average price is $3.95 and its two-hundred day moving average price is $3.97. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a 12 month low of $1.41 and a 12 month high of $6.29.

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.