Shade Tree Advisors LLC Makes New $131,000 Investment in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Shade Tree Advisors LLC bought a new stake in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 4th quarter, HoldingsChannel reports. The fund bought 34,400 shares of the company’s stock, valued at approximately $131,000. Petco Health and Wellness accounts for about 0.1% of Shade Tree Advisors LLC’s portfolio, making the stock its 16th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. lifted its stake in Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after purchasing an additional 8,056 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Petco Health and Wellness during the 3rd quarter valued at $58,000. Sanctuary Advisors LLC bought a new position in shares of Petco Health and Wellness during the 3rd quarter worth $66,000. Diversified Trust Co grew its stake in shares of Petco Health and Wellness by 57.2% during the 4th quarter. Diversified Trust Co now owns 25,486 shares of the company’s stock worth $97,000 after acquiring an additional 9,272 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in Petco Health and Wellness in the 3rd quarter worth about $118,000.

Analysts Set New Price Targets

Several equities research analysts have commented on WOOF shares. Wedbush upped their price objective on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a 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 note on Saturday. Wells Fargo & Company lifted their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Morgan Stanley dropped 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 research report on Tuesday, January 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $4.16.

Petco Health and Wellness Trading Down 1.3 %

NASDAQ:WOOF opened at $2.98 on Wednesday. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $6.29. The stock has a fifty day moving average of $3.95 and a 200 day moving average of $3.97. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22.

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.