Petco Health and Wellness Co Inc (WOOF) stock expected to rise by 42.96%: What’s driving the optimism?

Abby Carey

A share price of Petco Health and Wellness Co Inc [WOOF] is currently trading at $2.77, down -3.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WOOF shares have lost -8.88% over the last week, with a monthly amount drifted -26.13%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Petco Health and Wellness Co Inc [NASDAQ: WOOF] stock has seen the most recent analyst activity on July 19, 2024, when Citigroup reiterated its Neutral rating and also boosted its price target to $4 from $3. Previously, BofA Securities downgraded its rating to Underperform on April 02, 2024, and dropped its price target to $1.50. On December 19, 2023, Jefferies initiated with a Hold rating and assigned a price target of $3.11 on the stock. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $3 on November 30, 2023. Wells Fargo downgraded its rating to a Equal Weight. In a note dated August 25, 2023, RBC Capital Mkts reiterated an Outperform rating on this stock and revised its target price from $10 to $7.

Petco Health and Wellness Co Inc experienced fluctuations in its stock price throughout the past year between $2.28 and $6.29. Currently, Wall Street analysts expect the stock to reach $3.96 within the next 12 months. Petco Health and Wellness Co Inc [NASDAQ: WOOF] shares were valued at $2.77 at the most recent close of the market. An investor can expect a potential return of 42.96% based on the average WOOF price forecast.

Analyzing the WOOF fundamentals

Trailing Twelve Months sales for Petco Health and Wellness Co Inc [NASDAQ:WOOF] were 6.05B which represents -2.31% decline. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.58.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.72 points at the first support level, and at 2.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.86, and for the 2nd resistance point, it is at 2.95.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Petco Health and Wellness Co Inc [NASDAQ:WOOF] is 0.89. Also, the Quick Ratio is 0.31, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 0.68.

Transactions by insiders

Recent insider trading involved LaRose Brian, Former Officer, that happened on Jul 22 ’25 when 0.25 million shares were purchased. Chief Executive Officer, Anderson Joel D completed a deal on Mar 31 ’25 to buy 0.85 million shares. Meanwhile, Chief Executive Officer Anderson Joel D bought 0.74 million shares on Mar 28 ’25.

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