Zacks Research Upgrades Chewy (NYSE:CHWY) to Hold

Posted by Geri Gentry on Aug 13th, 2026

Chewy (NYSE:CHWY – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

CHWY has been the subject of several other research reports. Raymond James Financial reaffirmed a “buy” rating on shares of Chewy in a research note on Wednesday, June 10th. TD Cowen reissued a “buy” rating on shares of Chewy in a research note on Tuesday, June 23rd. Guggenheim restated a “buy” rating and set a $45.00 target price on shares of Chewy in a report on Monday, April 27th. Moffett Nathanson set a $28.00 target price on shares of Chewy in a research report on Thursday, June 11th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Chewy in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and a consensus target price of $32.05.

Read Our Latest Report on CHWY

Chewy Price Performance

NYSE CHWY opened at $22.35 on Tuesday. Chewy has a 1-year low of $17.40 and a 1-year high of $43.50. The company has a market capitalization of $9.15 billion, a P/E ratio of 37.25, a PEG ratio of 1.14 and a beta of 1.42. The business has a 50 day moving average price of $20.77 and a 200 day moving average price of $23.71.

Insider Activity at Chewy

In related news, General Counsel Da-Wai Hu sold 4,203 shares of Chewy stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the completion of the sale, the general counsel owned 4,103 shares in the company, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHWY. Vanguard Group Inc. increased its stake in Chewy by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock valued at $658,367,000 after purchasing an additional 1,017,214 shares during the last quarter. Amundi boosted its stake in Chewy by 191.8% in the 1st quarter. Amundi now owns 1,466,126 shares of the company’s stock worth $39,584,000 after buying an additional 963,750 shares during the last quarter. ING Groep NV purchased a new stake in Chewy in the 4th quarter valued at about $5,883,000. Jefferies Financial Group Inc. increased its stake in shares of Chewy by 550.3% during the 4th quarter. Jefferies Financial Group Inc. now owns 102,249 shares of the company’s stock valued at $3,379,000 after acquiring an additional 86,526 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Chewy by 392.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 275,612 shares of the company’s stock valued at $7,442,000 after acquiring an additional 219,696 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Company Profile

(Get Free Report)

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.