Poinciana Advisors Group LLC Purchases Shares of 20,199 Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Poinciana Advisors Group LLC bought a new stake in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,199 shares of the company’s stock, valued at approximately $77,000.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Petco Health and Wellness by 328.0% during the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock worth $8,014,000 after acquiring an additional 1,349,728 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Petco Health and Wellness during the fourth quarter worth $4,516,000. FMR LLC increased its position in shares of Petco Health and Wellness by 170.9% during the third quarter. FMR LLC now owns 1,521,516 shares of the company’s stock worth $6,923,000 after acquiring an additional 959,960 shares in the last quarter. Invenomic Capital Management LP bought a new stake in shares of Petco Health and Wellness during the third quarter worth $2,747,000. Finally, Holocene Advisors LP increased its position in shares of Petco Health and Wellness by 8.7% during the third quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock worth $34,386,000 after acquiring an additional 602,602 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WOOF. Royal Bank of Canada reissued 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. Morgan Stanley reduced their target price on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Wedbush restated an “outperform” rating and set a $6.00 target price on shares of Petco Health and Wellness in a report on Wednesday, February 19th. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company increased their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $4.33.

Petco Health and Wellness Stock Performance

Shares of WOOF stock opened at $2.39 on Friday. The stock has a market cap of $749.14 million, a P/E ratio of -5.98 and a beta of 1.92. 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 company has a fifty day moving average price of $3.23 and a two-hundred day moving average price of $3.95. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one 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.