Petco Health and Wellness Company, Inc. – A Comprehensive Analysis
As a leader in the health and wellness industry, Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has garnered significant attention from investors and analysts alike. The company’s recent performance has been marked by substantial changes in its institutional ownership, with several major players increasing or decreasing their stakes in the company. In this article, we will delve into the details of Petco Health and Wellness’ institutional ownership, recent market trends, and analyst ratings to provide a comprehensive analysis of the company.
Major Shareholders and Institutional Ownership
- Dynamic Technology Lab Private Ltd reduced its position in Petco Health and Wellness by 77.8% during the fourth quarter, selling 70,535 shares.
- New York State Common Retirement Fund raised its stake in shares of Petco Health and Wellness by 47.6% in the fourth quarter, purchasing an additional 3,711 shares.
- Swiss National Bank grew its stake in Petco Health and Wellness by 2.6% in the 4th quarter, buying an additional 4,800 shares.
- Bleakley Financial Group LLC raised its holdings in Petco Health and Wellness by 14.3% during the 4th quarter, acquiring an additional 5,660 shares.
- Sei Investments Co. lifted its position in shares of Petco Health and Wellness by 54.7% during the fourth quarter, buying an additional 6,371 shares.
- LPL Financial LLC boosted its holdings in shares of Petco Health and Wellness by 18.2% in the fourth quarter, acquiring an additional 6,470 shares.
| Major Shareholders | Shares Owned | Value (in $) |
| Dynamic Technology Lab Private Ltd | 20,095 | $77,000 |
| New York State Common Retirement Fund | 11,508 | $44,000 |
| Swiss National Bank | 186,100 | $709,000 |
| Bleakley Financial Group LLC | 45,122 | $172,000 |
| Sei Investments Co. | 18,009 | $69,000 |
| LPL Financial LLC | 42,006 | $160,000 |
Analyst Ratings and Predictions
- Robert W. Baird decreased their price objective on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating on the stock.
- StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating.
- UBS Group reduced their price objective on shares of Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating for the company.
- The Goldman Sachs Group increased their target price on shares of Petco Health and Wellness from $4.00 to $4.48 and gave the stock a “buy” rating.
- Citigroup reduced their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company.
| Analyst Rating | Rating | Price Objective |
| Robert W. Baird | Neutral | $3.50 |
| StockNews.com | Buy | N/A |
| UBS Group | Neutral | $3.25 |
| The Goldman Sachs Group | Buy | $4.48 |
| Citigroup | Neutral | $2.75 |
Market Trends and Performance
- Petco Health and Wellness Company, Inc. has a market capitalization of $1.05 billion, a PE ratio of -8.40, and a beta of 1.74.
- The company has a fifty day moving average of $2.84 and a 200 day moving average of $3.80.
- Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $6.29.
Conclusion
Based on our analysis, Petco Health and Wellness Company, Inc. is a leader in the health and wellness industry with significant changes in its institutional ownership. Several major players have increased or decreased their stakes in the company, indicating a mix of confidence and caution among investors. While analyst ratings suggest a neutral to buy rating, market trends and performance indicate a mix of volatility and growth potential. As the company continues to navigate the ever-changing market landscape, it is essential to remain vigilant and adapt to changing market conditions.
Ultimately, the future of Petco Health and Wellness Company, Inc. will depend on its ability to execute on its growth strategy and navigate the complexities of the healthcare and wellness industry. As an investor, it is crucial to stay informed and monitor the company’s performance closely to make informed investment decisions.
By considering the various factors discussed in this article, investors can gain a deeper understanding of Petco Health and Wellness Company, Inc. and make more informed decisions about their investments.
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Don’t miss out on the opportunity to make informed investment decisions with our expert analysis and commentary.
By staying informed and up to date with the latest news and trends, investors can make more informed decisions and achieve their financial goals.
Get instant access to our latest research reports and analysis on Petco Health and Wellness Company, Inc. and other top stocks.
Stay ahead of the curve with our expert analysis and commentary on Petco Health and Wellness Company, Inc.
