Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 7.3% on Analyst Upgrade

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) was up 7.3% during trading on Friday after Robert W. Baird raised their price target on the stock from $3.00 to $3.25. Robert W. Baird currently has a neutral rating on the stock. Petco Health and Wellness traded as high as $2.71 and last traded at $2.7050. Approximately 3,096,374 shares changed hands during trading, an increase of 42% from the average daily volume of 2,174,571 shares. The stock had previously closed at $2.52.

Several other brokerages have also recently weighed in on WOOF. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Citigroup dropped their price target on shares of 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. Weiss Ratings restated a “sell (d)” rating on shares of Petco Health and Wellness in a research report on Thursday, June 11th. Finally, Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Petco Health and Wellness has an average rating of “Reduce” and an average target price of $3.42.

Insider Transactions at Petco Health and Wellness

In related news, insider Holly May sold 200,000 shares of the business’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 of the company’s stock, valued at approximately $3,372,782.18. The trade was a 13.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 450,000 shares of company stock valued at $1,145,500. 6.50% of the stock is currently owned by corporate insiders.

Petco Health and Wellness News Roundup

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

• Positive Sentiment: Petco reported quarterly EPS of $0.13, up from $0.05 a year earlier and ahead of the roughly $0.07 consensus estimate. An adjusted EPS figure cited by Zacks was $0.16 versus a $0.06 estimate. Revenue was $1.49 billion, in line with expectations. Petco Reports Second Quarter 2026 Results
• Positive Sentiment: The company delivered its second consecutive quarter of positive comparable-sales growth and reported profitability ahead of its internal outlook. Management credited its “Reach for the Sky” strategy, growth in consumables and services, and progress in omnichannel initiatives.
• Positive Sentiment: Petco reaffirmed its fiscal 2026 sales outlook of flat to 1.5% growth and forecast adjusted EBITDA of $415 million to $430 million. It also announced a $75 million debt prepayment, supporting its goal of reducing leverage to 2x. Petco Fiscal 2026 Outlook
• Neutral Sentiment: Operating cash flow nearly doubled, but results benefited partly from a one-time tariff refund. Revenue remained essentially flat, while the company’s net margin was only 0.51%, leaving limited room for execution setbacks.
• Neutral Sentiment: Analyst actions were mixed: Robert W. Baird raised its price target to $3.25, while UBS lowered its target to $3.50; both maintained neutral ratings. WOOF Stock and Analyst Reactions
• Negative Sentiment: BNP Paribas Exane cut its price target from $2.34 to $2.11 and retained an underperform rating, highlighting skepticism about the durability of the turnaround. The cautious ratings and flat sales outlook helped limit the positive reaction to the earnings beat.

Institutional Trading of Petco Health and Wellness

Large investors have recently made changes to their positions in the stock. Nuveen LLC lifted its holdings in Petco Health and Wellness by 81.9% in the 4th quarter. Nuveen LLC now owns 3,998,724 shares of the company’s stock worth $11,236,000 after purchasing an additional 1,800,860 shares during the last quarter. Holocene Advisors LP grew its stake in Petco Health and Wellness by 42.0% in the 3rd quarter. Holocene Advisors LP now owns 6,091,656 shares of the company’s stock valued at $23,575,000 after buying an additional 1,800,583 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Petco Health and Wellness in the 1st quarter worth $3,883,000. Goldman Sachs Group Inc. lifted its position in Petco Health and Wellness by 60.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock worth $11,095,000 after acquiring an additional 1,367,299 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Petco Health and Wellness during the fourth quarter valued at about $2,692,000.

Petco Health and Wellness Stock Up 7.3%

The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.29. The firm has a market capitalization of $874.69 million, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 3.05 and a beta of 1.53. The business has a 50 day moving average price of $2.71 and a 200 day moving average price of $2.74.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 3.48% and a net margin of 0.51%.During the same quarter in the prior year, the company earned $0.05 EPS. On average, analysts predict that Petco Health and Wellness Company, Inc. will post 0.09 earnings per share for the current year.

About Petco Health and Wellness

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.