Counterpoint Mutual Funds LLC Buys 118,952 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Counterpoint Mutual Funds LLC grew its stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 203.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 177,403 shares of the company’s stock after buying an additional 118,952 shares during the period. Counterpoint Mutual Funds LLC owned approximately 0.06% of Petco Health and Wellness worth $676,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Poinciana Advisors Group LLC acquired a new stake in shares of Petco Health and Wellness during the 4th quarter worth approximately $77,000. Commonwealth Equity Services LLC bought a new stake in Petco Health and Wellness in the 4th quarter valued at $89,000. Swiss National Bank raised its stake in shares of Petco Health and Wellness by 2.6% in the 4th quarter. Swiss National Bank now owns 186,100 shares of the company’s stock valued at $709,000 after buying an additional 4,800 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Petco Health and Wellness by 26.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,751 shares of the company’s stock worth $5,215,000 after acquiring an additional 289,629 shares during the period. Finally, Versor Investments LP boosted its position in shares of Petco Health and Wellness by 340.3% during the 4th quarter. Versor Investments LP now owns 169,500 shares of the company’s stock valued at $646,000 after acquiring an additional 131,000 shares in the last quarter.

Petco Health and Wellness Trading Up 0.8 %

NASDAQ:WOOF opened at $2.39 on Monday. 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 business’s 50-day simple moving average is $3.23 and its 200-day simple moving average is $3.96. Petco Health and Wellness Company, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The stock has a market capitalization of $749.14 million, a PE ratio of -5.98 and a beta of 1.92.

Analyst Ratings Changes

Several brokerages have issued reports on WOOF. Wedbush reiterated an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a research report on Wednesday, February 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a research report on Friday, December 20th. Wells Fargo & Company lifted their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. 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. Finally, Morgan Stanley dropped their price target 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 note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Petco Health and Wellness has a consensus rating of “Hold” and a consensus price target of $4.47.

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.