Petco Health and Wellness (NASDAQ:WOOF) Price Target Lowered to $3.25 at Citigroup

Petco Health and Wellness (NASDAQ:WOOF) had its price objective decreased by research analysts at Citigroup from $4.00 to $3.25 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 15.33% from the stock’s previous close.

Several other analysts have also commented on the company. Jefferies Financial Group upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating and boosted their price objective for the company from $4.05 to $5.00 in a research report on Thursday, March 12th. Wall Street Zen raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. The Goldman Sachs Group cut shares of Petco Health and Wellness from a “buy” rating to a “neutral” rating and set a $3.83 price objective for the company. in a research report on Monday, April 13th. UBS Group boosted their target price on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. Finally, Zacks Research downgraded shares of Petco Health and Wellness from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.95.

Petco Health and Wellness Price Performance

Shares of Petco Health and Wellness stock traded down $0.23 during trading hours on Thursday, reaching $2.82. The stock had a trading volume of 7,980,659 shares, compared to its average volume of 2,308,795. The stock’s 50 day moving average is $2.79 and its 200 day moving average is $2.83. The firm has a market capitalization of $907.82 million, a PE ratio of 92.90, a PEG ratio of 3.84 and a beta of 1.53. Petco Health and Wellness has a twelve month low of $2.24 and a twelve month high of $4.51. The company has a current ratio of 0.90, a quick ratio of 0.38 and a debt-to-equity ratio of 1.28.

Petco Health and Wellness (NASDAQ:WOOF) last posted its earnings results on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned ($0.05) earnings per share. Petco Health and Wellness’s revenue was down 2.4% on a year-over-year basis. Equities analysts expect that Petco Health and Wellness will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Petco Health and Wellness

A number of large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Petco Health and Wellness by 425.1% in the fourth 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 during the last quarter. Abel Hall LLC acquired a new position in Petco Health and Wellness during the fourth quarter worth about $31,000. Cibc World Market Inc. acquired a new position in Petco Health and Wellness during the fourth quarter worth about $32,000. HB Wealth Management LLC purchased a new stake in Petco Health and Wellness during the 1st quarter valued at about $34,000. Finally, Quantbot Technologies LP acquired a new stake in Petco Health and Wellness in the 3rd quarter valued at about $34,000.

Petco Health and Wellness News Summary

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

• Positive Sentiment: Petco said first-quarter revenue of about $1.50 billion slightly beat estimates and comparable sales turned positive, which management described as early validation of its “Reach for the Sky” strategy. Petco Reports First Quarter 2026 Results
• Positive Sentiment: The company also reaffirmed its fiscal 2026 outlook and guided for second-quarter revenue in line with Wall Street expectations, which suggests management remains confident in the turnaround. How The Petco Health And Wellness Company (WOOF) Investment Story Is Shifting Into 2026
• Neutral Sentiment: Analysts and earnings-call coverage highlighted that Petco is trying to shift the investment case toward improving operating trends and execution in 2026, but the broader thesis still depends on sustained margin improvement and better earnings quality. Petco Health and Wellness Co Inc (WOOF) Q1 2026 Earnings Call Highlights
• Negative Sentiment: Despite the sales beat, Petco reported a wider-than-expected quarterly loss, with EPS missing estimates, which appears to be the main reason the stock is being sold off. Petco shares tumble as Q1 loss deepens despite sales beat
• Negative Sentiment: Market reaction was also pressured by headlines noting that shares dropped sharply after the earnings release, reflecting concern that revenue progress is not yet translating into stronger bottom-line performance. Petco (NASDAQ:WOOF) Surprises With Q1 CY2026 Sales But Stock Drops 10.8%

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.