Counterpoint Mutual Funds LLC Has $676,000 Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Counterpoint Mutual Funds LLC lifted its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 203.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 177,403 shares of the company’s stock after buying an additional 118,952 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Petco Health and Wellness were worth $676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of Petco Health and Wellness by 328.0% in the third quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock valued at $8,014,000 after purchasing an additional 1,349,728 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Petco Health and Wellness in the fourth quarter valued at about $4,516,000. FMR LLC grew its position in shares of Petco Health and Wellness by 170.9% during the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company’s stock worth $6,923,000 after purchasing an additional 959,960 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of Petco Health and Wellness in the third quarter valued at approximately $2,747,000. Finally, Holocene Advisors LP lifted its position in 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 purchasing an additional 602,602 shares during the period.

Analysts Set New Price Targets

A number of brokerages have weighed in on WOOF. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a report on Friday, December 20th. 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 research note on Friday, December 6th. Morgan Stanley cut 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, Wedbush restated an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.47.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $2.39 on Monday. The business’s fifty day simple moving average is $3.23 and its two-hundred day simple moving average is $3.96. 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 $749.14 million, a price-to-earnings ratio of -5.98 and a beta of 1.92. 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 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.