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Petco Health and Wellness Company ( (WOOF) ) has provided an announcement.
On January 21, 2026, Petco announced it had commenced an offering of $650 million in senior secured notes due 2031, guaranteed by subsidiaries that back its credit facilities and secured by first-lien interests on fixed assets and second-lien interests on current assets. The company plans to use the proceeds, together with borrowings under a new term loan and cash on hand, to fully repay its existing term loan facility, cover related fees and expenses, and fund general corporate purposes, a move that is set to reshape its debt profile by replacing existing financing with a new mix of secured notes and loan funding aimed at strengthening its capital structure and financial flexibility for stakeholders.
The most recent analyst rating on (WOOF) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Petco Health and Wellness Company stock, see the WOOF Stock Forecast page.
Spark’s Take on WOOF Stock
According to Spark, TipRanks’ AI Analyst, WOOF is a Neutral.
The score is driven primarily by mixed financial performance—ongoing profitability and revenue pressure offset by improving leverage and strong free cash flow trends. Technicals remain neutral-to-bearish (below major moving averages and negative MACD), and valuation is penalized by a negative P/E and no dividend yield. Offsetting these, the latest earnings call and refinancing actions indicate improving profitability/cash generation and better balance-sheet risk management.
To see Spark’s full report on WOOF stock, click here.
More about Petco Health and Wellness Company
Petco Health and Wellness Company, Inc., traded on Nasdaq as WOOF, operates in the pet care retail and services industry, offering a broad assortment of pet food, supplies, and accessories alongside veterinary and other pet services. The company serves pet owners through more than 1,500 stores across the U.S., Mexico and Puerto Rico, as well as via its e-commerce site and mobile app, and also supports animal welfare through its Petco Love foundation and in-store adoption events.
Average Trading Volume: 2,529,589
Technical Sentiment Signal: Strong Sell
Current Market Cap: $835.3M
See more data about WOOF stock on TipRanks’ Stock Analysis page.