Petco Health and Wellness (NASDAQ:WOOF) Shares Up 8.4% – Here’s Why

Posted by Geri Gentry on Oct 24th, 2026

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report)’s share price rose 8.4% during mid-day trading on Thursday. The stock traded as high as $2.51 and last traded at $2.5050. 3,052,975 shares were traded during mid-day trading, an increase of 36% from the average session volume of 2,243,645 shares. The stock had previously closed at $2.31.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WOOF shares. BNP Paribas Exane cut their price objective on shares of Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating on the stock in a research report on Thursday, September 3rd. Wall Street Zen upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. Robert W. Baird increased 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, September 3rd. Zacks Research raised Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Finally, UBS Group dropped their price target on shares of Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Petco Health and Wellness presently has an average rating of “Hold” and a consensus price target of $3.42.

Get Our Latest Report on Petco Health and Wellness

Petco Health and Wellness Trading Down 3.2%

The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.90. The business has a fifty day simple moving average of $2.47 and a 200 day simple moving average of $2.65. The stock has a market capitalization of $794.31 million, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 2.30 and a beta of 1.59.

Petco Health and Wellness (NASDAQ:WOOF – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. Petco Health and Wellness had a return on equity of 3.44% and a net margin of 0.51%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business earned $0.05 earnings per share. As a group, research analysts expect that Petco Health and Wellness Company, Inc. will post 0.10 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Petco Health and Wellness by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 10,111,061 shares of the company’s stock valued at $28,107,000 after purchasing an additional 655,567 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Petco Health and Wellness during the first quarter valued at about $3,883,000. Renaissance Technologies LLC acquired a new position in Petco Health and Wellness during the 1st quarter valued at about $1,455,000. Bank of America Corp DE lifted its holdings in shares of Petco Health and Wellness by 6.7% in 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. Finally, Squarepoint Ops LLC purchased a new position in shares of Petco Health and Wellness during the second quarter valued at approximately $723,000.

About Petco Health and Wellness

(Get Free Report)

Petco Health and Wellness Company, Inc is a U.S.-based pet health and wellness retailer operating under the Petco brand. The company serves pet owners through a combination of brick-and-mortar stores, digital commerce channels and service locations, offering products and services for dogs, cats, fish, birds, reptiles and other companion animals.

Petco’s merchandise includes pet food, treats, toys, bedding, habitats, grooming supplies and other everyday care products. Its services include veterinary care, grooming, training, adoption support and other wellness offerings.