Chewy (NYSE:CHWY – Get Free Report) had its price objective dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from $45.00 to $32.00 in a report issued on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 69.87% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the company. Raymond James Financial reaffirmed a “buy” rating on shares of Chewy in a research note on Wednesday. Guggenheim restated a “buy” rating and issued a $45.00 price objective on shares of Chewy in a research report on Monday, April 27th. JPMorgan Chase & Co. decreased their price objective on Chewy from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 2nd. Moffett Nathanson set a $28.00 price objective on Chewy in a research report on Thursday. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $23.00 target price on shares of Chewy in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.86.
Get Our Latest Analysis on CHWY
Chewy Trading Down 5.7%
Chewy (NYSE:CHWY – Get Free Report) last announced its quarterly earnings results on Wednesday, June 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.19. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. On average, equities research analysts predict that Chewy will post 0.87 earnings per share for the current year.
Insiders Place Their Bets
In related news, General Counsel Da-Wai Hu sold 8,149 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 4,220 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $108,032.00. Following the transaction, the chief executive officer owned 123,955 shares in the company, valued at $3,173,248. This trade represents a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders sold 95,675 shares of company stock valued at $2,459,955. Company insiders own 0.34% of the company’s stock.
Institutional Investors Weigh In On Chewy
Several hedge funds have recently modified their holdings of the stock. Transatlantique Private Wealth LLC grew its holdings in Chewy by 3.0% in the third quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock valued at $442,000 after purchasing an additional 314 shares during the period. National Bank of Canada FI raised its stake in Chewy by 12.5% during the third quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock worth $118,000 after purchasing an additional 324 shares during the period. Angeles Wealth Management LLC boosted its holdings in shares of Chewy by 6.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $215,000 after purchasing an additional 330 shares during the last quarter. 180 Wealth Advisors LLC boosted its holdings in shares of Chewy by 4.4% in the 4th quarter. 180 Wealth Advisors LLC now owns 9,222 shares of the company’s stock valued at $305,000 after purchasing an additional 390 shares during the last quarter. Finally, Dynasty Wealth Management LLC grew its stake in shares of Chewy by 6.6% during the 4th quarter. Dynasty Wealth Management LLC now owns 6,321 shares of the company’s stock valued at $209,000 after buying an additional 394 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Chewy
Here are the key news stories impacting Chewy this week:
- Positive Sentiment: Chewy reported Q1 net sales of $3.36 billion, up 7.7% year over year, with adjusted EPS of $0.43 topping expectations and gross margin expanding to 30.1%, showing the business remains profitable and resilient.
- Positive Sentiment: Several analysts stayed constructive, including William Blair, J.P. Morgan, Raymond James, and Evercore, citing margin discipline, cash flow, and long-term growth drivers. Article Title
- Neutral Sentiment: Chewy outlined fiscal 2026 net sales of $13.40 billion to $13.55 billion and said it is targeting net leverage below 2x adjusted EBITDA, reinforcing a focus on balance-sheet discipline. Article Title
- Neutral Sentiment: Robert W. Baird lowered its price target to $30 from $40 while keeping an outperform rating, and Needham reiterated a Hold, reflecting a mixed but not uniformly bearish analyst response. Article Title
- Negative Sentiment: Management cut its full-year sales forecast and flagged a more cautious consumer environment, which is the main reason investors are selling the stock despite the earnings beat.
- Negative Sentiment: Commentary around the report also noted macroeconomic pressure and growth concerns, with shares hitting 52-week lows as Wall Street worries about demand for discretionary pet spending. Article Title
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.
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