Petco Health and Wellness (NASDAQ:WOOF) Price Target Raised to $3.25

Petco Health and Wellness (NASDAQ:WOOF) had its price target lifted by Robert W. Baird from $3.00 to $3.25 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the company. Zacks Research downgraded Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Citigroup cut their target price on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $3.42.

Petco Health and Wellness Price Performance

Petco Health and Wellness stock opened at $2.70 on Thursday. The stock has a market cap of $873.06 million, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 3.13 and a beta of 1.53. The company has a fifty day simple moving average of $2.71 and a 200-day simple moving average of $2.74. Petco Health and Wellness has a 12-month low of $2.24 and a 12-month high of $3.96. The company has a current ratio of 0.90, a quick ratio of 0.29 and a debt-to-equity ratio of 1.21.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Wednesday, September 2nd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Equities analysts expect that Petco Health and Wellness will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling at Petco Health and Wellness

In other news, insider Holly May sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $2.54, for a total transaction of $508,000.00. Following the transaction, the insider directly owned 1,327,867 shares in the company, valued at approximately $3,372,782.18. This trade represents a 13.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 450,000 shares of company stock valued at $1,145,500 over the last three months. 6.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Petco Health and Wellness

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its position in Petco Health and Wellness by 425.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after purchasing an additional 8,519 shares during the last quarter. Abel Hall LLC purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $31,000. Cibc World Market Inc. purchased a new stake in shares of Petco Health and Wellness in the fourth quarter valued at about $32,000. HB Wealth Management LLC acquired a new stake in shares of Petco Health and Wellness during the first quarter worth about $34,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Petco Health and Wellness during the third quarter worth about $34,000.

Key Petco Health and Wellness News

Here are the key news stories impacting Petco Health and Wellness this week:

• Positive Sentiment: Petco reported fiscal Q2 earnings per share of $0.13, above the $0.07 consensus estimate and up from $0.05 a year earlier. Adjusted earnings were reported at $0.16 by Zacks, also exceeding expectations. Revenue was approximately $1.49 billion, in line with forecasts. Petco Q2 EPS beat
• Positive Sentiment: Net income rose to $38.7 million, while operating cash flow nearly doubled. Management attributed part of the improvement to stronger consumables and services performance, omnichannel initiatives, and a one-time tariff refund. Petco turnaround gains
• Positive Sentiment: Petco reaffirmed its flat-to-1.5% full-year sales outlook and forecast fiscal 2026 adjusted EBITDA of $415 million to $430 million, supporting the view that cost controls and operational improvements can drive earnings even without significant sales growth. Petco fiscal 2026 outlook
• Neutral Sentiment: Analyst opinions remain divided. RBC Capital maintained a Buy rating, while Morgan Stanley kept a Hold rating. Robert W. Baird raised its price target to $3.25 but retained a Neutral rating. RBC Buy rating
• Negative Sentiment: BNP Paribas Exane cut its price target to $2.11 and assigned an Underperform rating. UBS lowered its target to $3.50 and retained a Neutral rating, underscoring concerns about limited revenue momentum and execution risk. Analyst caution after Petco earnings

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.