Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Price Target Update and Financial Overview

• Kaumil Gajrawala from Jefferies sets a new price target for NASDAQ:WOOF at $4.05, indicating a potential upside of about 26.17%.
• Recent fiscal fourth-quarter results show a decline in year-over-year sales but an improvement in gross margin to 38%.
• WOOF's stock has seen a significant increase of 31.56%, with a market capitalization of approximately $884.9 million.

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) is a leading pet supplies retailer in the United States, offering a comprehensive range of products and services for pets, including food, grooming, and veterinary care. Competing with major retailers like PetSmart and Chewy, Petco is a key player in the pet care industry.

On March 27, 2025, Kaumil Gajrawala from Jefferies set a new price target for WOOF at $4.05. At that time, the stock was trading at $3.21, suggesting a potential upside of about 26.17%. This new target was a reduction from a previous target of $5, as highlighted by TheFly. Despite the lowered target, the potential for growth remains significant.

Petco's recent fiscal fourth-quarter results showed a decline in year-over-year sales, with net sales at $1.552 billion, a 7.3% decrease. This decline was partly due to the absence of a 53rd week in fiscal 2023. However, the company's gross margin improved by 180 basis points to 38%, indicating better cost management.

The company's earnings per share were break-even, down from 2 cents per share in the same quarter the previous year. This fell short of the Zacks Consensus Estimate of 2 cents. Despite this, comparable sales saw a slight increase of 0.5% year over year, although this was below the Zacks Consensus Estimate of 0.9% growth.

WOOF's stock has experienced a significant increase of 31.56%, with a change of $0.77. The stock has fluctuated between a low of $2.76 and a high of $3.42 today. Over the past year, WOOF has reached a high of $6.29 and a low of $1.41. The company's market capitalization is approximately $884.9 million, with a trading volume of 27.7 million shares.