BNP Paribas Exane Cuts Petco Health and Wellness (NASDAQ:WOOF) Price Target to $2.11

Petco Health and Wellness (NASDAQ:WOOF) had its price objective lowered by BNP Paribas Exane from $2.34 to $2.11 in a research note published on Thursday morning,Benzinga reports. BNP Paribas Exane currently has an underperform rating on the stock.

Several other research analysts also recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Petco Health and Wellness in a report on Thursday, June 11th. Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Zacks Research downgraded Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. UBS Group dropped their price target on Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday. Finally, Citigroup cut their price target on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Thursday, June 4th. 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.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $3.42.

Petco Health and Wellness Price Performance

WOOF stock opened at $2.70 on Thursday. Petco Health and Wellness has a one year low of $2.24 and a one year high of $3.96. The company’s fifty day moving average price is $2.71 and its 200-day moving average price is $2.74. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.29 and a current ratio of 0.90. The company has a market capitalization of $873.06 million, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.13 and a beta of 1.53.

Petco Health and Wellness (NASDAQ:WOOF) last posted 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 company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.05 earnings per share. On average, equities analysts anticipate that Petco Health and Wellness will post 0.1 EPS for the current fiscal year.

Insider Activity at Petco Health and Wellness

In other Petco Health and Wellness news, insider Holly May sold 200,000 shares of Petco Health and Wellness stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $2.54, for a total value of $508,000.00. Following the completion of the transaction, the insider directly owned 1,327,867 shares of the company’s stock, valued at $3,372,782.18. This trade represents a 13.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 450,000 shares of company stock valued at $1,145,500. Company insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new stake in Petco Health and Wellness during the third quarter worth approximately $34,000. National Bank of Canada FI bought a new stake in shares of Petco Health and Wellness in the 3rd quarter valued at approximately $35,000. Quarry LP purchased a new position in shares of Petco Health and Wellness in the 3rd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Petco Health and Wellness by 425.1% in 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 period. Finally, Abel Hall LLC bought a new position in shares of Petco Health and Wellness during the 4th quarter valued at approximately $31,000.

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

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.