Chewy (NYSE:CHWY – Get Free Report)‘s stock had its “market outperform” rating reissued by stock analysts at Citizens Jmp in a research note issued to investors on Thursday, Benzinga reports. They presently have a $28.00 price objective on the stock. Citizens Jmp’s price target would suggest a potential upside of 36.35% from the company’s current price.
Several other analysts also recently commented on the stock. Mizuho dropped their target price on shares of Chewy from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Friday, September 4th. Weiss Ratings upgraded shares of Chewy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. TD Cowen reissued a “buy” rating on shares of Chewy in a research report on Thursday. Raymond James Financial raised their price objective on shares of Chewy from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Chewy from $35.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.32.
View Our Latest Research Report on Chewy
Chewy Price Performance
Chewy (NYSE:CHWY – Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. Chewy had a return on equity of 60.02% and a net margin of 1.99%.The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm posted $0.33 earnings per share. Chewy’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Chewy will post 0.8 EPS for the current fiscal year.
Insider Buying and Selling
In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the company’s stock in a transaction that occurred on 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 transaction, the general counsel owned 4,103 shares of the company’s stock, valued at $79,967.47. This represents a 50.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.34% of the company’s stock.
Hedge Funds Weigh In On Chewy
Several hedge funds have recently made changes to their positions in the business. National Bank of Canada FI boosted its holdings 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 last quarter. Dynasty Wealth Management LLC increased its stake in Chewy by 6.6% in 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 last quarter. Harbour Investments Inc. increased its stake in Chewy by 81.4% in the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after buying an additional 407 shares during the last quarter. Utah Retirement Systems lifted its position in Chewy by 4.4% during the 4th quarter. Utah Retirement Systems now owns 11,586 shares of the company’s stock worth $383,000 after buying an additional 485 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its position in Chewy by 3.6% during the 4th quarter. Rafferty Asset Management LLC now owns 14,108 shares of the company’s stock worth $466,000 after buying an additional 489 shares in the last quarter. 93.09% of the stock is 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 7.3% year over year and slightly ahead of the $3.32 billion consensus estimate. Adjusted EPS of $0.36 also exceeded the cited $0.18 consensus, while net income rose to $80.5 million from $62 million a year earlier. Chewy Announces Second Quarter 2026 Financial Results
- Positive Sentiment: Management raised its full-year outlook, projecting fiscal 2026 revenue of $13.5 billion to $13.6 billion versus consensus of $12.8 billion. Third-quarter revenue guidance of $3.3 billion to $3.4 billion was broadly in line with expectations. Adjusted EBITDA margin reached 6.8%.
- Positive Sentiment: Autoship sales increased to approximately $2.8 billion, representing 84.6% of quarterly revenue, and active customers rose 3.8% to 21.7 million. Management also highlighted AI-related efficiency initiatives and growth in higher-margin services. Chewy Q2 2026 Earnings Call Transcript
- Neutral Sentiment: TD Cowen and Bank of America reaffirmed Buy ratings, but reduced their price targets to $32 and $27, respectively, reflecting disciplined investment, margin considerations and a shift toward services. Chewy analyst rating update
- Negative Sentiment: The main catalyst for the selloff was a free-cash-flow shortfall, compounded by concerns about lower liquidity following acquisition-related cash usage. Gross margin remained flat at 30.4%, while consumers continued to limit discretionary spending on pet treats and other products. Chewy free cash flow report
- Negative Sentiment: Investors viewed the earnings beat as largely in line rather than a major upside surprise, and recent disclosures show open-market insider activity consisting of sales rather than purchases.
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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