Petco Health and Wellness (NASDAQ:WOOF) Given New $2.11 Price Target at BNP Paribas Exane

Petco Health and Wellness (NASDAQ:WOOF) had its price objective cut by equities researchers at BNP Paribas Exane from $2.34 to $2.11 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “underperform” rating on the stock. BNP Paribas Exane’s target price points to a potential downside of 18.38% from the stock’s previous close.

Other analysts have also issued reports about the stock. Robert W. Baird upped 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 research note on Thursday. 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 lowered their target price on shares of Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday. Citigroup cut their target price on Petco Health and Wellness from $4.00 to $3.25 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Petco Health and Wellness in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $3.42.

Petco Health and Wellness Stock Down 1.7%

Shares of NASDAQ:WOOF traded down $0.04 during trading on Thursday, reaching $2.58. 7,384,318 shares of the stock traded hands, compared to its average volume of 2,144,988. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.29 and a current ratio of 0.85. Petco Health and Wellness has a 52-week low of $2.24 and a 52-week high of $3.96. The stock has a market cap of $835.88 million, a P/E ratio of 128.81, a price-to-earnings-growth ratio of 2.99 and a beta of 1.53. The stock has a 50-day moving average of $2.71 and a two-hundred day moving average of $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 (EPS) for the quarter, topping 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 business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $0.05 earnings per share. As a group, sell-side analysts expect that Petco Health and Wellness will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Petco Health and Wellness

In other 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 owned 1,327,867 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 450,000 shares of company stock worth $1,145,500 over the last ninety days. 6.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Petco Health and Wellness

Several large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its position in 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 valued at $30,000 after buying an additional 8,519 shares in the last quarter. Abel Hall LLC acquired a new stake in Petco Health and Wellness in the 4th quarter worth $31,000. Cibc World Market Inc. acquired a new position in shares of Petco Health and Wellness in the fourth quarter valued at $32,000. HB Wealth Management LLC bought a new position in shares of Petco Health and Wellness during the 1st quarter worth about $34,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at about $34,000.

Trending Headlines about Petco Health and Wellness

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

• Positive Sentiment: Petco reported fiscal Q2 adjusted EPS of $0.13, ahead of the $0.07 analyst consensus and up from $0.05 a year earlier. The company also delivered its second consecutive quarter of positive comparable-sales growth and said profitability came in ahead of its outlook. Petco Reports Second Quarter 2026 Results
• Positive Sentiment: Management announced a $75 million debt prepayment, advancing its goal of reaching 2.0 times leverage. Improved consumables and services performance, along with early traction from omnichannel initiatives and expanded services, supports the company’s turnaround narrative. The Market Is Finally Starting To Come Around to Petco Health and Wellness Company
• Positive Sentiment: Petco forecast fiscal 2026 adjusted EBITDA of $415 million to $430 million and reaffirmed its overall outlook, while quarterly revenue of approximately $1.49 billion matched expectations. Petco Fiscal 2026 EBITDA Forecast
• Neutral Sentiment: Robert W. Baird raised its price target from $3.00 to $3.25 but retained a Neutral rating, signaling increased valuation potential without a firm bullish recommendation.
• Neutral Sentiment: UBS maintained a Neutral rating while lowering its target from $4.00 to $3.50. The revised target still implies substantial potential upside, but the cut reflects more cautious expectations.
• Negative Sentiment: Revenue was essentially flat year over year, and management’s sales outlook calls for flat to only 1.5% growth. Profit improvement was also aided in part by a one-time tariff refund, raising questions about how durable the earnings gains will be. Petco Fiscal Q2 Sales Results

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.