Petco Health and Wellness (NASDAQ:WOOF) Price Target Lowered to $3.50 at UBS Group

Petco Health and Wellness (NASDAQ:WOOF) had its target price cut by research analysts at UBS Group from $4.00 to $3.50 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 32.33% from the company’s previous close.

Several other research analysts have also recently issued reports on WOOF. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Petco Health and Wellness in a research report on Thursday, June 11th. Citigroup dropped their price objective on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Zacks Research downgraded shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Robert W. Baird lifted their price objective on shares of Petco Health and Wellness from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.64.

Petco Health and Wellness Stock Up 0.6%

NASDAQ WOOF traded up $0.01 during trading hours on Thursday, hitting $2.65. The company’s stock had a trading volume of 4,672,005 shares, compared to its average volume of 2,131,003. Petco Health and Wellness has a 52 week low of $2.24 and a 52 week high of $3.96. The company has a market capitalization of $855.28 million, a PE ratio of 132.32, a price-to-earnings-growth ratio of 2.99 and a beta of 1.53. The company has a current ratio of 0.85, a quick ratio of 0.29 and a debt-to-equity ratio of 1.27. The company’s 50-day simple moving average is $2.71 and its two-hundred day simple moving average is $2.74.

Petco Health and Wellness (NASDAQ:WOOF) last issued its quarterly earnings data 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 analyst estimates of $1.49 billion. Petco Health and Wellness had a return on equity of 1.36% and a net margin of 0.09%.During the same period in the previous year, the company posted $0.05 EPS. Research analysts anticipate that Petco Health and Wellness will post 0.09 EPS for the current fiscal year.

Insider Activity at Petco Health and Wellness

In related news, insider Holly May sold 200,000 shares of the stock in a transaction that occurred on 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. 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 can be accessed through this link. Insiders sold 450,000 shares of company stock worth $1,145,500 over the last three months. Company insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of Petco Health and Wellness by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,111,061 shares of the company’s stock valued at $28,107,000 after purchasing an additional 655,567 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Petco Health and Wellness by 8.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,416,496 shares of the company’s stock worth $32,572,000 after buying an additional 621,026 shares during the last quarter. Holocene Advisors LP boosted its holdings in shares of 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 worth $23,575,000 after buying an additional 1,800,583 shares during the last quarter. Nuveen LLC boosted its holdings in shares of 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 buying an additional 1,800,860 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Petco Health and Wellness by 60.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after buying an additional 1,367,299 shares during the period.

Petco Health and Wellness News Roundup

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

• Positive Sentiment: Petco reported Q2 adjusted earnings of approximately $0.13 per share, ahead of the roughly $0.07 consensus estimate and up from $0.05 a year earlier. Revenue was $1.49 billion, essentially matching expectations. Petco Reports Second Quarter 2026 Results
• Positive Sentiment: Net income increased to $38.7 million, while operating cash flow nearly doubled. Petco also announced a $75 million debt prepayment, supporting progress toward its target of reducing leverage to twice adjusted EBITDA. The Market Is Finally Starting To Come Around To Petco Health and Wellness Company
• Positive Sentiment: The “Reach for the Sky” strategy is showing early traction in consumables, services and omnichannel sales. Management forecast fiscal 2026 adjusted EBITDA of $415 million to $430 million and reaffirmed its sales outlook for flat to 1.5% growth. Petco Fiscal 2026 Outlook
• Neutral Sentiment: Robert W. Baird raised its price target from $3.00 to $3.25 but maintained a “neutral” rating, indicating analysts see upside while remaining cautious about the turnaround.
• Negative Sentiment: Revenue was flat year over year, and part of the cash-flow improvement benefited from a one-time tariff refund. Petco’s very low net margin and continued leverage mean sustained operational gains are needed to support the stock’s advance.

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.