Candlestick Capital Management LP Invests $6.77 Million in Petco Health and Wellness Company, Inc. $WOOF

Candlestick Capital Management LP bought a new position in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,750,000 shares of the company’s stock, valued at approximately $6,772,000. Candlestick Capital Management LP owned about 0.55% of Petco Health and Wellness as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Petco Health and Wellness by 8.3% in the third quarter. Dimensional Fund Advisors LP now owns 9,311,806 shares of the company’s stock valued at $36,032,000 after purchasing an additional 717,485 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Petco Health and Wellness by 8.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,416,496 shares of the company’s stock worth $32,572,000 after buying an additional 621,026 shares during the last quarter. Holocene Advisors LP boosted its holdings in shares of Petco Health and Wellness by 57.5% in the 2nd quarter. Holocene Advisors LP now owns 4,291,073 shares of the company’s stock valued at $12,144,000 after buying an additional 1,566,709 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Petco Health and Wellness by 60.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,637,695 shares of the company’s stock valued at $11,095,000 after buying an additional 1,367,299 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Petco Health and Wellness by 17.9% in the 3rd quarter. Two Sigma Investments LP now owns 2,638,619 shares of the company’s stock valued at $10,211,000 after buying an additional 399,979 shares during the last quarter.

Analyst Upgrades and Downgrades

WOOF has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Petco Health and Wellness in a research note on Monday, December 29th. Evercore dropped their price objective on Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating on the stock in a report on Tuesday, February 3rd. Finally, Jefferies Financial Group upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating and lifted their target price for the stock from $4.05 to $5.00 in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.94.

More Petco Health and Wellness News

Here are the key news stories impacting Petco Health and Wellness this week:

• Positive Sentiment: Management set FY2026 targets including EBITDA of $415–$430M and guidance calling for flat to +1.5% sales, signaling a return to growth under the “Reach for the Sky” plan. Petco skyrockets after guidance surprises to the upside
• Positive Sentiment: Jefferies upgraded WOOF to Buy and raised its price target to $5, saying the turnaround is complete and growth is ahead — a catalyst for further upside from analysts. Petco shares jump as Jefferies cites turnaround complete and growth ahead in upgrade
• Positive Sentiment: Goldman Sachs reiterated a bullish stance with a $3.95 price target, reinforcing analyst support after the quarter. Goldman Sachs Remains Bullish on Petco (WOOF) With $3.95 Price Target
• Positive Sentiment: Q4 results showed a slight revenue beat and improved margins/EBITDA, which investors view as evidence the company’s operational changes are working. Petco Stock Surges On Better-than-Expected Q4 Sales
• Neutral Sentiment: Management is closing underperforming stores and leaning into services (grooming, training) and fresh food to improve free cash flow and long-term growth; tactical now, payoff over time. Why Petco Stock Popped Today
• Neutral Sentiment: Analysts and presentations highlight the “Reach for the Sky” strategy and product/service expansion as the company shifts focus from cost cuts to growth initiatives. Petco Bets on Highly Engaged Pet Parents to Ignite Growth
• Negative Sentiment: EPS missed expectations (reported a loss vs. a small positive estimate), which remains a risk if top-line momentum softens. Petco Q4 2025 Earnings Call Transcript
• Negative Sentiment: Revenue was down ~2.4% year-over-year in the quarter, so the company must sustain execution to turn that trend into consistent growth. Petco’s Q4 Earnings Beat Estimates, Sales Decrease 2.4% Y/Y

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $3.62 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.35 and a debt-to-equity ratio of 1.37. The firm has a market cap of $1.15 billion, a PE ratio of 120.67 and a beta of 1.75. The company’s 50 day simple moving average is $2.72 and its 200-day simple moving average is $3.10. Petco Health and Wellness Company, Inc. has a 12-month low of $2.24 and a 12-month high of $4.51.

Petco Health and Wellness (NASDAQ:WOOF) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Petco Health and Wellness had a net margin of 0.15% and a return on equity of 0.89%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. As a group, equities analysts predict that Petco Health and Wellness Company, Inc. will post -0.22 EPS for the current year.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.