Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) to Post FY2026 Earnings of ($0.10) Per Share, Wedbush Forecasts

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) - Stock analysts at Wedbush raised their FY2026 earnings per share estimates for Petco Health and Wellness in a report released on Wednesday, September 11th. Wedbush analyst S. Basham now forecasts that the company will earn ($0.10) per share for the year, up from their previous estimate of ($0.12). Wedbush currently has a "Outperform" rating and a $5.00 target price on the stock. The consensus estimate for Petco Health and Wellness' current full-year earnings is ($0.24) per share. Wedbush also issued estimates for Petco Health and Wellness' FY2027 earnings at ($0.10) EPS.

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) last issued its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.02). The business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.53 billion. Petco Health and Wellness had a negative net margin of 21.46% and a negative return on equity of 6.51%. The company's revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share.

A number of other equities analysts have also recently issued reports on WOOF. The Goldman Sachs Group decreased their target price on Petco Health and Wellness from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Thursday. UBS Group increased their price objective on Petco Health and Wellness from $2.50 to $3.25 and gave the stock a "neutral" rating in a research note on Thursday, May 23rd. Citigroup raised their price objective on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a "neutral" rating in a research report on Thursday. Wells Fargo & Company upped their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the company an "equal weight" rating in a report on Wednesday, September 11th. Finally, Royal Bank of Canada raised their price target on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $3.45.

Petco Health and Wellness Price Performance

Shares of WOOF stock traded up $0.07 during mid-day trading on Monday, hitting $4.65. 6,976,937 shares of the stock traded hands, compared to its average volume of 4,856,380. Petco Health and Wellness has a twelve month low of $1.41 and a twelve month high of $4.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.84. The company's 50-day simple moving average is $3.16 and its 200-day simple moving average is $2.77. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -0.94 and a beta of 1.88.

Institutional Trading of Petco Health and Wellness

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in Petco Health and Wellness by 0.4% during the second quarter. SG Americas Securities LLC now owns 1,070,559 shares of the company's stock valued at $4,047,000 after buying an additional 4,052 shares during the period. Norden Group LLC increased its position in Petco Health and Wellness by 31.7% during the 2nd quarter. Norden Group LLC now owns 17,860 shares of the company's stock valued at $68,000 after buying an additional 4,301 shares in the last quarter. HB Wealth Management LLC raised its stake in Petco Health and Wellness by 21.6% during the second quarter. HB Wealth Management LLC now owns 25,949 shares of the company's stock valued at $98,000 after buying an additional 4,615 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Petco Health and Wellness by 12.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,290 shares of the company's stock worth $104,000 after acquiring an additional 4,836 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Petco Health and Wellness in the second quarter worth $44,000.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.