Connor Clark & Lunn Investment Management Ltd. Purchases 289,629 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,368,751 shares of the company’s stock after purchasing an additional 289,629 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.44% of Petco Health and Wellness worth $5,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WOOF. Holocene Advisors LP lifted its position in Petco Health and Wellness by 8.7% in the 3rd quarter. Holocene Advisors LP now owns 7,557,293 shares of the company’s stock valued at $34,386,000 after acquiring an additional 602,602 shares in the last quarter. Geode Capital Management LLC lifted its position in Petco Health and Wellness by 9.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock valued at $10,068,000 after acquiring an additional 186,230 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Petco Health and Wellness by 328.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,761,247 shares of the company’s stock valued at $8,014,000 after acquiring an additional 1,349,728 shares in the last quarter. FMR LLC increased its stake in Petco Health and Wellness by 170.9% in the 3rd quarter. FMR LLC now owns 1,521,516 shares of the company’s stock valued at $6,923,000 after buying an additional 959,960 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in Petco Health and Wellness in the 4th quarter valued at $4,516,000.

Wall Street Analyst Weigh In

WOOF has been the topic of several recent research reports. Wedbush reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Wells Fargo & Company lifted their price target 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 lowered their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note 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 note on Friday, December 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $4.47.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $2.39 on Monday. The company has a 50 day moving average of $3.23 and a 200-day moving average of $3.96. Petco Health and Wellness Company, Inc. has a 1-year low of $1.41 and a 1-year high of $6.29. 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 PE ratio of -5.98 and a beta of 1.92.

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.