AXQ Capital LP Invests $84,000 in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

AXQ Capital LP acquired 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 & Exchange Commission. The institutional investor acquired 22,072 shares of the company’s stock, valued at approximately $84,000.

Other large investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. increased its position in 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 acquiring an additional 8,056 shares during the period. New York State Common Retirement Fund grew its stake in shares of 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 worth $44,000 after purchasing an additional 3,711 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Petco Health and Wellness in the third quarter valued at $58,000. Sanctuary Advisors LLC bought a new position in Petco Health and Wellness during the 3rd quarter worth $66,000. Finally, Sei Investments Co. lifted its holdings in Petco Health and Wellness by 54.7% during the 4th quarter. Sei Investments Co. now owns 18,009 shares of the company’s stock worth $69,000 after buying an additional 6,371 shares during the period.

Petco Health and Wellness Stock Up 1.2 %

WOOF stock opened at $2.47 on Tuesday. The stock’s 50 day simple moving average is $3.05 and its 200 day simple moving average is $3.93. 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 debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.29.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. 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. Wedbush restated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. Citigroup decreased their price objective on shares of 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. Wells Fargo & Company boosted their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.28.

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.