Petco Health and Wellness: Stock Performance Overview
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been a topic of interest among stock analysts. Recently, Wedbush analysts adjusted their earnings estimates for Petco, predicting a slight improvement in their FY2026 EPS from ($0.12) to ($0.10). Despite these updates, the company maintains a consensus ‘Hold’ rating with an average target price of $3.45, according to MarketBeat data (link).
Recent Analyst Ratings
Several firms have weighed in on Petco’s stock. Needham & Company LLC reiterated a ‘buy’ rating with a $5.00 target price, while UBS Group and Citigroup provided ‘neutral’ ratings with adjusted target prices. The Goldman Sachs Group recently lowered their price objective from $5.00 to $4.00, yet maintained a ‘buy’ rating. Wells Fargo & Company offered an ‘equal weight’ rating with a price objective increase to $3.00.
Institutional Investments
Institutional investors have shown varied interest in Petco. AQR Capital Management LLC increased its holdings by 82.1% in the second quarter, while Millennium Management LLC expanded its stake by 233.7%. Vanguard Group Inc. also increased its shares by 15.8% in the first quarter, indicating a growing interest among large investors.
About Petco Health and Wellness
Petco operates as a health and wellness company, focusing on enhancing the lives of pets and their owners across the United States, Mexico, and Puerto Rico. The company offers a range of services including veterinary care, grooming, training, and tele-health services.
Should You Invest in Petco?
Before making an investment decision, it’s crucial to consider the insights from top analysts. While Petco currently holds a ‘Hold’ rating, some analysts suggest exploring other stocks that might offer better returns. For more detailed analysis, visit MarketBeat’s comprehensive reports (link).
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