Petco CEO Makes Major Stock Investment Amid Mixed Earnings Report
On April 2, 2025, Petco Health and Wellness Company ( WOOF ) announced significant insider activity, revealing that CEO Joel D. Anderson purchased 1,586,088 shares of the company’s stock for a total value of $4,717,461. This move is seen as a strong vote of confidence in the company’s future amidst recent mixed performance reports.
Recent Updates on WOOF Stock
Following Anderson’s acquisition of nearly 1.6 million shares, Petco experienced a noteworthy stock price increase of 6.4%. The company’s fourth-quarter earnings call disclosed a blend of promising and concerning details—strong earnings before interest, taxes, depreciation, and amortization (EBITDA) alongside challenges like store closures and rising selling, general, and administrative (SG&A) expenses. As a result, analysts have adjusted their price targets for Petco. Notably, Jefferies decreased its target due to the necessity for enhanced fundamentals under the new management, while Bank of America slightly raised its target, acknowledging potential long-term market share erosion from competition. Wedbush also modified its target downward, while recognizing Petco’s improvements in cost management and retail operations under new leadership, although sales growth expectations fell short of earlier forecasts.
More About Petco Health and Wellness Company
Year-to-Date Price Performance: -25.61%
Average Trading Volume: 4,346,122
Technical Sentiment Signal: Buy
Current Market Cap: $840.8M
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