Robert W. Baird Cuts Chewy (NYSE:CHWY) Price Target to $28.00

Posted by Stanley Muller on Sep 13th, 2026

Chewy (NYSE:CHWY – Free Report) had its price target trimmed by Robert W. Baird from $30.00 to $28.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

CHWY has been the subject of several other reports. Wolfe Research restated an “outperform” rating and set a $27.00 target price on shares of Chewy in a research report on Thursday, June 11th. Morgan Stanley cut their price target on shares of Chewy from $42.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 26th. UBS Group lowered shares of Chewy from a “neutral” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research note on Thursday. Rosenblatt Securities decreased their price objective on shares of Chewy from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Chewy in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.64.

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Chewy Stock Performance

CHWY stock opened at $20.33 on Thursday. Chewy has a twelve month low of $17.40 and a twelve month high of $40.55. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.59. The company has a market cap of $8.32 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.42. The business’s fifty day moving average is $22.43 and its 200-day moving average is $23.07.

Chewy (NYSE:CHWY – Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Chewy had a return on equity of 60.88% and a net margin of 2.09%.The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. Equities research analysts forecast that Chewy will post 0.8 EPS for the current year.

Insider Activity

In related news, General Counsel Da-Wai Hu sold 4,203 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $19.49, for a total transaction of $81,916.47. Following the sale, the general counsel directly owned 4,103 shares in the company, valued at $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chewy

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

Trending Headlines about 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

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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.