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

Needham & Company LLC restated their hold rating on shares of Chewy (NYSE:CHWY) in a report released on Thursday morning,Benzinga reports.

Other research analysts have also recently issued reports about the stock. Citigroup reiterated a “market outperform” rating on shares of Chewy in a report on Thursday. Piper Sandler reissued an “overweight” rating on shares of Chewy in a report on Friday, August 21st. Morgan Stanley cut their target price on Chewy from $42.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, August 26th. Rosenblatt Securities decreased their price target on Chewy from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Mizuho lowered their price target on Chewy from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chewy currently has an average rating of “Moderate Buy” and a consensus target price of $30.64.

Chewy Stock Performance

Shares of CHWY opened at $20.33 on Thursday. The firm has a 50-day moving average price of $22.43 and a 200 day moving average price of $23.07. The firm has a market capitalization of $8.32 billion, a PE ratio of 30.81, a P/E/G ratio of 0.81 and a beta of 1.42. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.59. Chewy has a 52-week low of $17.40 and a 52-week high of $40.55.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, September 9th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.18 by $0.18. Chewy had a net margin of 2.09% and a return on equity of 60.88%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the company earned $0.33 EPS. Chewy’s quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that Chewy will post 0.8 earnings per share for the current fiscal year.

Insider Activity at Chewy

In related news, General Counsel Da-Wai Hu sold 4,203 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $19.49, for a total value of $81,916.47. Following the sale, the general counsel directly owned 4,103 shares in the company, valued at $79,967.47. The trade was a 50.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by insiders.

Institutional Trading of Chewy

A number of large investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its position in Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after buying an additional 407 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy during the 2nd quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Chewy during the 4th quarter valued at $31,000. Modus Advisors LLC bought a new stake in shares of Chewy during the 4th quarter worth $34,000. Finally, Parallel Advisors LLC boosted its stake in shares of Chewy by 106.8% during the 1st quarter. Parallel Advisors LLC now owns 1,584 shares of the company’s stock worth $43,000 after acquiring an additional 818 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Key Stories Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy reported second-quarter revenue of $3.33 billion, up approximately 7.3% year over year, while adjusted earnings of $0.36 per share exceeded the consensus estimate of $0.18. Management also raised its fiscal 2026 outlook. CHWY Q2 Earnings Meet Estimates, Sales Beat on Customer Growth
• Positive Sentiment: Autoship sales reached about $2.8 billion, supported by customer growth and stable demand for essential pet products. Cost discipline and AI-related efficiencies are also helping profitability. Chewy Q2 Earnings Call Highlights Stable Demand and Higher Outlook
• Positive Sentiment: Chewy’s Autoship subscription model and expansion into veterinary care, including its health-platform strategy, could create more recurring revenue and diversify the company beyond pet food and supplies. Chewy Is Building a Recurring Revenue Moat

About Chewy

Chewy, Inc is an e-commerce company focused on pet products and services. Through its website and mobile applications, the company sells pet food, treats, supplies, toys, bedding, medications, and other products for dogs, cats, fish, birds, reptiles, and small pets.

Chewy supports recurring purchases through its Autoship program and provides access to prescription and over-the-counter pet medications through Chewy Pharmacy. The company also offers pet health-related services, including veterinary consultations in certain markets, and sells products under a range of national and private-label brands.