Chewy’s (CHWY) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Chewy (NYSE:CHWY) in a research note issued to investors on Thursday morning,Benzinga reports.

Several other research analysts have also commented on the company. UBS Group reduced their price target on Chewy from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Morgan Stanley reduced their target price on shares of Chewy from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Royal Bank Of Canada lowered their price target on shares of Chewy from $44.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised shares of Chewy from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Thursday, September 11th. Finally, Wall Street Zen cut shares of Chewy from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.72.

Chewy Stock Performance

Shares of CHWY opened at $32.75 on Thursday. The company has a 50 day moving average price of $34.95 and a 200-day moving average price of $38.24. Chewy has a fifty-two week low of $29.83 and a fifty-two week high of $48.62. The stock has a market capitalization of $13.59 billion, a PE ratio of 68.23, a PEG ratio of 8.31 and a beta of 1.58.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 10th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.10 billion. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Equities research analysts forecast that Chewy will post 0.24 EPS for the current year.

Insider Activity at Chewy

In related news, CTO Satish Mehta sold 8,872 shares of Chewy stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.53, for a total value of $297,478.16. Following the completion of the sale, the chief technology officer directly owned 229,702 shares in the company, valued at $7,701,908.06. This trade represents a 3.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO William G. Billings sold 1,121 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $36,679.12. Following the transaction, the chief accounting officer owned 31,045 shares in the company, valued at $1,015,792.40. The trade was a 3.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 83,985 shares of company stock valued at $2,802,809 in the last three months. 0.43% of the stock is owned by insiders.

Institutional Trading of Chewy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHWY. LPL Financial LLC increased its holdings in shares of Chewy by 11.5% in the first quarter. LPL Financial LLC now owns 134,487 shares of the company’s stock valued at $4,372,000 after purchasing an additional 13,818 shares during the period. PNC Financial Services Group Inc. increased its holdings in Chewy by 49.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,442 shares of the company’s stock worth $274,000 after buying an additional 2,792 shares during the period. Deutsche Bank AG raised its position in Chewy by 0.4% during the 1st quarter. Deutsche Bank AG now owns 362,253 shares of the company’s stock worth $11,777,000 after buying an additional 1,546 shares during the last quarter. Swiss National Bank raised its position in Chewy by 2.4% during the 1st quarter. Swiss National Bank now owns 363,300 shares of the company’s stock worth $11,811,000 after buying an additional 8,400 shares during the last quarter. Finally, Townsquare Capital LLC lifted its stake in Chewy by 48.8% during the 1st quarter. Townsquare Capital LLC now owns 14,061 shares of the company’s stock valued at $457,000 after acquiring an additional 4,610 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.