Chewy (NYSE:CHWY) Receives $42.77 Average Price Target from Brokerages

Shares of Chewy (NYSE:CHWY) have received an average rating of “Moderate Buy” from the twenty-five ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $42.1364.

Several research firms have weighed in on CHWY. Guggenheim restated a “buy” rating and set a $45.00 target price on shares of Chewy in a report on Monday, April 27th. Raymond James Financial upgraded shares of Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a report on Thursday, February 19th. Wall Street Zen cut shares of Chewy from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Argus raised shares of Chewy to a “strong-buy” rating in a research note on Tuesday, April 7th. Finally, UBS Group decreased their price target on shares of Chewy from $42.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th.

More Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Analysts and commentary highlighted Chewy’s strong Autoship business, AI initiatives, and veterinary expansion, which could support longer-term growth. Chewy vs. Petco: Which Pet-Care Stock Looks Better Positioned?
• Positive Sentiment: Chewy’s debt-free balance sheet, record free cash flow, and rising liquidity were cited as giving the company flexibility to fund growth investments and share buybacks. Chewy’s Capital Strength Provides Flexibility for Growth Investments
• Positive Sentiment: Wall Street analysts remain broadly constructive on Chewy, with coverage suggesting the stock still has meaningful upside from current levels. Is Chewy (CHWY) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Chewy outperformed the broader market in the latest session, but the move appeared tied more to general trading momentum and analyst sentiment than to a new company-specific catalyst. Chewy (CHWY) Beats Stock Market Upswing: What Investors Need to Know
• Negative Sentiment: Morgan Stanley said Chewy may need to lower the high end of its full-year sales guidance because of weakening pet industry trends, which is the main bearish takeaway for investors today. Chewy Likely to Lower High End of Sales Guidance Amid Weakening Pet Industry Trends, Morgan Stanley Says
• Negative Sentiment: Morgan Stanley also trimmed its price target on Chewy from $49 to $43, signaling slightly less confidence in near-term upside even while keeping an overweight rating. Morgan Stanley price target cut

Insider Activity

In other Chewy news, CEO Sumit Singh sold 4,220 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $25.60, for a total transaction of $108,032.00. Following the sale, the chief executive officer directly owned 123,955 shares of the company’s stock, valued at $3,173,248. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total transaction of $219,289.59. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,675 shares of company stock worth $2,459,955 over the last ninety days. 0.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chewy

Several hedge funds have recently modified their holdings of the company. Essential Partners LLC boosted its stake in shares of Chewy by 144.7% during the 1st quarter. Essential Partners LLC now owns 7,778 shares of the company’s stock worth $210,000 after purchasing an additional 4,600 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Chewy by 12.7% during the 1st quarter. Bank of America Corp DE now owns 4,816,924 shares of the company’s stock worth $130,057,000 after purchasing an additional 542,298 shares during the last quarter. Bull Harbor Capital LLC acquired a new stake in shares of Chewy during the 1st quarter worth about $398,000. Encore Global Management LP acquired a new stake in shares of Chewy in the first quarter worth approximately $3,010,000. Finally, Amundi boosted its position in shares of Chewy by 191.8% in the first quarter. Amundi now owns 1,466,126 shares of the company’s stock worth $39,584,000 after acquiring an additional 963,750 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Chewy Trading Up 2.7%

NYSE:CHWY opened at $21.28 on Wednesday. The firm has a 50-day moving average price of $24.66 and a two-hundred day moving average price of $28.59. Chewy has a twelve month low of $19.30 and a twelve month high of $48.62. The company has a market capitalization of $8.87 billion, a P/E ratio of 40.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.19). Chewy had a net margin of 1.77% and a return on equity of 53.48%. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the business posted $0.28 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that Chewy will post 0.89 earnings per share for the current year.

About Chewy

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.