Citizens Jmp Lowers Chewy (NYSE:CHWY) Price Target to $45.00

Chewy (NYSE:CHWY) had its target price lowered by equities researchers at Citizens Jmp from $48.00 to $45.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective points to a potential upside of 68.91% from the stock’s previous close.

CHWY has been the topic of several other research reports. Barclays decreased their target price on Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Wall Street Zen raised Chewy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Piper Sandler restated an “overweight” rating on shares of Chewy in a report on Thursday, February 5th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $28.00 target price (down from $38.00) on shares of Chewy in a research note on Thursday. Finally, Morgan Stanley dropped their target price on shares of Chewy from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, March 10th. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Chewy has an average rating of “Moderate Buy” and a consensus target price of $44.57.

Chewy Trading Up 13.6%

CHWY stock opened at $26.64 on Thursday. Chewy has a 12-month low of $22.74 and a 12-month high of $48.62. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 1.59 and a beta of 1.60. The business’s 50-day moving average is $27.19 and its 200 day moving average is $32.34.

Insider Activity

In related news, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the transaction, the chief technology officer owned 273,835 shares in the company, valued at approximately $7,938,476.65. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.43% of the stock is owned by company insiders.

Institutional Trading of Chewy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Chewy by 2.5% during the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock worth $7,168,000 after acquiring an additional 5,466 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Chewy in the first quarter valued at about $510,000. NewEdge Advisors LLC grew its holdings in shares of Chewy by 5,238.3% in the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock valued at $1,057,000 after purchasing an additional 31,901 shares during the period. Goldman Sachs Group Inc. increased its position in Chewy by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after purchasing an additional 17,788 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Chewy by 31.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock worth $12,483,000 after purchasing an additional 92,129 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy News Summary

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Company guidance and AI-driven cost savings: Chewy guided 2026 net sales to as much as $13.60–$13.75B and flagged AI-related cost savings and vet-care expansion as drivers of margin upside — a main reason the stock jumped. Chewy (CHWY) Stock Soars 13% on Strong 2026 Revenue Outlook and AI Cost Savings
• Positive Sentiment: Q4 results and profitability momentum: Chewy reported Q4 revenue near expectations, higher profitability metrics and improving free cash flow/EBITDA margins — these fundamentals supported the rally and lifted investor sentiment. Chewy Stock Surges On Strong Q4 Results And Guidance
• Positive Sentiment: Management tone and media coverage: CEO Sumit Singh’s bullish interview and company commentary that pet ownership trends remain resilient helped strengthen conviction around the outlook. Chewy CEO: Consumers are ‘highly engaged’ even as inflation squeezes budgets
• Neutral Sentiment: Analyst reactions mixed: Some firms (e.g., TD Cowen, Citigroup) remain constructive, while others reiterated Hold/Neutral ratings — Needham reiterated a Hold today. These notes temper enthusiasm but don’t negate the positive reaction. Chewy: Solid Execution and Margin Upside… Needham Hold
• Neutral Sentiment: Unusually large options and buy-side positioning: Heavy call-option activity and institutional repositioning amplified the move around earnings day, which can increase intraday volatility. Chewy jumps 15% as investors position for fiscal Q4 and full-year results
• Negative Sentiment: Analyst price‑target cut and Hold reiterations: BNP Paribas Exane reaffirmed Neutral and cut its PT to $28 (from $38), signaling skepticism on upside from current levels despite the guidance. BNP Paribas Exane Cuts Price Target
• Negative Sentiment: Insider selling and recent 52-week lows: Recent insider sales and the stock’s earlier slide to new 52‑week lows highlight lingering investor caution and execution risk if macro or competitive pressure reappears. Chewy stock hits 52-week low

Chewy Company Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.