Petco Health and Wellness (NASDAQ:WOOF) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Petco Health and Wellness (NASDAQ:WOOF) had its target price increased by research analysts at Robert W. Baird from $3.00 to $3.25 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 23.57% from the company’s current price.

WOOF has been the topic of a number of other reports. Zacks Research lowered shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Petco Health and Wellness in a research note on Thursday, June 11th. Citigroup dropped their price target 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. Finally, Wall Street Zen upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. 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 stock. According to MarketBeat.com, Petco Health and Wellness presently has an average rating of “Hold” and a consensus price target of $3.72.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $2.63 on Thursday. The company’s 50 day moving average price is $2.71 and its two-hundred day moving average price is $2.74. The firm has a market capitalization of $850.43 million, a P/E ratio of 131.57, a P/E/G ratio of 2.99 and a beta of 1.53. Petco Health and Wellness has a fifty-two week low of $2.24 and a fifty-two week high of $3.96. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.85 and a quick ratio of 0.29.

Petco Health and Wellness (NASDAQ:WOOF) last posted its earnings results on Wednesday, September 2nd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. Petco Health and Wellness had a return on equity of 1.36% and a net margin of 0.09%.The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the company earned $0.05 earnings per share. On average, equities analysts forecast that Petco Health and Wellness will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Holly May sold 200,000 shares of the business’s 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 owned 1,327,867 shares in the company, valued at $3,372,782.18. The trade was a 13.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 450,000 shares of company stock valued at $1,145,500 over the last ninety days. Company insiders own 6.50% of the company’s stock.

Institutional Trading of Petco Health and Wellness

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its stake in shares of Petco Health and Wellness by 186.9% in the second quarter. California State Teachers Retirement System now owns 247,245 shares of the company’s stock valued at $673,000 after buying an additional 161,059 shares in the last quarter. Bank of America Corp DE increased its holdings in Petco Health and Wellness by 6.7% during the 1st quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock worth $749,000 after purchasing an additional 16,825 shares in the last quarter. Amundi purchased a new stake in shares of Petco Health and Wellness in the first quarter worth approximately $54,000. Renaissance Technologies LLC bought a new position in shares of Petco Health and Wellness in the first quarter valued at approximately $1,455,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Petco Health and Wellness during the first quarter valued at approximately $527,000.

Key Petco Health and Wellness News

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

• Positive Sentiment: Petco reported Q2 fiscal 2026 EPS of $0.13, above the $0.07 analyst consensus and up from $0.05 a year earlier. Net income reached $38.7 million, while operating cash flow nearly doubled. The company also delivered its second consecutive quarter of positive comparable-sales growth. Petco Reports Second Quarter 2026 Results
• Positive Sentiment: Management announced a $75 million debt prepayment, advancing its goal of reducing leverage to twice adjusted EBITDA. This could lower interest costs and improve balance-sheet flexibility. Petco Reports Second Quarter 2026 Results
• Positive Sentiment: The “Reach for the Sky” strategy is showing early progress through growth in consumables, services, omnichannel sales and expanded service offerings. Investors also received fresh Wall Street price-target increases ahead of the results. The Market Is Finally Starting To Come Around To Petco Health and Wellness Company
• Neutral Sentiment: Q2 revenue was $1.49 billion, essentially matching estimates, while fiscal 2026 revenue guidance remained flat to up 1.5% at approximately $6.0 billion to $6.1 billion. Adjusted EBITDA guidance was set at $415 million to $430 million, indicating that the earnings improvement is primarily a profitability story rather than a major sales-growth story. Petco Fiscal 2026 Guidance
• Negative Sentiment: Some of the cash-flow improvement benefited from a one-time tariff refund, and Petco continues to operate with thin net margins and relatively high leverage. Flat sales guidance and limited liquidity remain risks if the turnaround loses momentum. Petco Profit Rises in Q2

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.