Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Given Consensus Rating of “Reduce” by Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has received an average rating of “Reduce” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $3.42.

Several research analysts recently weighed in on the stock. Zacks Research cut shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Petco Health and Wellness in a research report on Thursday, June 11th. Wall Street Zen cut Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird boosted their target price on Petco Health and Wellness from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Thursday. Finally, BNP Paribas Exane dropped their target price on Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating for the company in a research report on Thursday.

Key Headlines Impacting Petco Health and Wellness

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

Insider Buying and Selling

In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $2.54, for a total transaction of $508,000.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 450,000 shares of company stock valued at $1,145,500 in the last three months. 6.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Petco Health and Wellness

Several institutional investors have recently modified their holdings of WOOF. AQR Capital Management LLC lifted its holdings in Petco Health and Wellness by 9.1% in the first quarter. AQR Capital Management LLC now owns 1,274,588 shares of the company’s stock valued at $3,887,000 after buying an additional 106,295 shares during the period. Goldman Sachs Group Inc. grew its holdings 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 period. Creative Planning raised its position in shares of Petco Health and Wellness by 14.8% during the 2nd quarter. Creative Planning now owns 36,779 shares of the company’s stock valued at $104,000 after acquiring an additional 4,734 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Petco Health and Wellness by 17.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,419 shares of the company’s stock valued at $80,000 after acquiring an additional 4,258 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Petco Health and Wellness by 23.9% in the 2nd quarter. Legal & General Group Plc now owns 126,352 shares of the company’s stock valued at $358,000 after purchasing an additional 24,369 shares during the period.

Petco Health and Wellness Stock Up 7.1%

Shares of NASDAQ:WOOF opened at $2.70 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. The firm has a market cap of $873.06 million, a P/E ratio of 27.00, a P/E/G ratio of 3.13 and a beta of 1.53. Petco Health and Wellness has a 12 month low of $2.24 and a 12 month high of $3.96. The company’s 50-day moving average price is $2.71 and its two-hundred day moving average price is $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, topping analysts’ consensus estimates of $0.07 by $0.06. Petco Health and Wellness had a net margin of 0.51% and a return on equity of 3.44%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. As a group, research analysts forecast that Petco Health and Wellness will post 0.1 EPS for the current fiscal 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.