Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Receives Consensus Rating of “Hold” from Brokerages

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $3.9533.

A number of analysts have recently weighed in on WOOF shares. Citigroup dropped their target price on shares of Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Thursday. Jefferies Financial Group raised Petco Health and Wellness from a “hold” rating to a “buy” rating and upped their price target for the company from $4.05 to $5.00 in a research report on Thursday, March 12th. UBS Group increased their price objective on Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Monday, March 16th. The Goldman Sachs Group cut Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price objective for the company. in a report on Monday, April 13th. Finally, Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Saturday, May 9th.

Petco Health and Wellness News Roundup

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

• Positive Sentiment: Petco reported Q1 revenue of about $1.50 billion, slightly ahead of estimates, and said comparable sales returned to positive growth, which management said supports its “Reach for the Sky” strategy.
• Positive Sentiment: The company reaffirmed its fiscal 2026 outlook and guided Q2 revenue in line with expectations, suggesting management still sees the turnaround plan on track.
• Neutral Sentiment: Petco also posted Q1 adjusted earnings that beat some estimates in one report, showing progress on profitability even though the quarter remained weak. Petco Reports First Quarter 2026 Results
• Neutral Sentiment: Investors also parsed earnings-call highlights and commentary about the company’s shifting investment story heading into 2026, indicating the market is still evaluating the turnaround thesis. Petco Health and Wellness Co Inc (WOOF) Q1 2026 Earnings Call Highlights
• Negative Sentiment: The stock fell after Petco reported a wider-than-expected net loss for Q1 despite the revenue beat, underscoring that profitability remains under pressure.
• Negative Sentiment: Citigroup cut its price target on WOOF to $3.25 from $4.00 and kept a neutral rating, reflecting more cautious expectations even after the quarter. Benzinga report on Citigroup price target cut

Petco Health and Wellness Stock Down 5.9%

Shares of Petco Health and Wellness stock opened at $2.87 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.38 and a current ratio of 0.90. Petco Health and Wellness has a 52-week low of $2.24 and a 52-week high of $4.51. The company’s 50 day moving average price is $2.79 and its 200-day moving average price is $2.83. The stock has a market capitalization of $924.57 million, a price-to-earnings ratio of 143.57, a P/E/G ratio of 3.95 and a beta of 1.53.

Petco Health and Wellness (NASDAQ:WOOF) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Petco Health and Wellness had a net margin of 0.09% and a return on equity of 1.36%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) EPS. Equities research analysts forecast that Petco Health and Wellness will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WOOF. Bank of America Corp DE boosted its position in shares of Petco Health and Wellness by 6.7% during the first quarter. Bank of America Corp DE now owns 269,589 shares of the company’s stock valued at $749,000 after purchasing an additional 16,825 shares in the last quarter. Amundi purchased a new position in Petco Health and Wellness during the first quarter valued at $54,000. Renaissance Technologies LLC purchased a new position in Petco Health and Wellness during the first quarter valued at $1,455,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Petco Health and Wellness during the 1st quarter valued at $527,000. Finally, Sei Investments Co. grew its position in shares of Petco Health and Wellness by 36.3% in the 1st quarter. Sei Investments Co. now owns 149,391 shares of the company’s stock worth $415,000 after buying an additional 39,762 shares during the period.

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.