Chewy (NYSE:CHWY) Upgraded at Zacks Research

Chewy (NYSE:CHWY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on CHWY. UBS Group cut their price target on Chewy from $42.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Argus raised Chewy to a “strong-buy” rating in a research report on Tuesday, April 7th. Bank of America decreased their target price on Chewy from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Royal Bank Of Canada increased their price target on Chewy from $43.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Finally, The Goldman Sachs Group reduced their price target on Chewy from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Chewy currently has an average rating of “Moderate Buy” and a consensus price target of $42.91.

Chewy Trading Up 2.1%

Shares of CHWY stock opened at $27.53 on Thursday. Chewy has a twelve month low of $22.74 and a twelve month high of $48.62. The company has a market capitalization of $11.47 billion, a P/E ratio of 52.95, a price-to-earnings-growth ratio of 1.18 and a beta of 1.61. The business’s 50 day moving average is $25.78 and its two-hundred day moving average is $31.00.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). Chewy had a net margin of 1.77% and a return on equity of 53.48%. The business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 13,013 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the sale, the chief technology officer directly owned 273,835 shares in the company, valued at approximately $7,938,476.65. This represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Da-Wai Hu sold 8,149 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.43% of the company’s stock.

Institutional Trading of Chewy

A number of institutional investors and hedge funds have recently made changes to their positions in CHWY. Royal Bank of Canada raised its position in shares of Chewy by 2.5% during the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock worth $7,168,000 after purchasing an additional 5,466 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Chewy in the 1st quarter worth approximately $510,000. NewEdge Advisors LLC grew its holdings in Chewy by 5,238.3% in the 1st quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock worth $1,057,000 after buying an additional 31,901 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Chewy by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after buying an additional 17,788 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Chewy by 31.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock worth $12,483,000 after buying an additional 92,129 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Zacks upgraded CHWY to a Rank #1 (Strong Buy), signaling stronger earnings optimism that can spur buying interest. Chewy (CHWY) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Market coverage reporting that CHWY outperformed the broader market today (shares settling higher) is reinforcing momentum and visibility among retail investors. Chewy (CHWY) Beats Stock Market Upswing: What Investors Need to Know
• Positive Sentiment: Analyst/commentary pieces (e.g., The Motley Fool) are framing Chewy as an under-the-radar e‑commerce opportunity with large addressable market exposure and visible earnings levers, which can attract longer‑term investors. Prediction: This Under-the-Radar E-Commerce Stock is Set to Soar
• Neutral Sentiment: Valuation and operational analyses note a discounted multiple, an ~83% Autoship sales mix and potential AI-driven savings — positives for margins but dependent on execution; these reports are informative but not definitive catalysts. Is Chewy Stock a Buy, Hold or Sell at Its Current Valuation?
• Neutral Sentiment: “Trending” and watchlist coverage highlights elevated investor interest and pageviews, which can amplify short-term moves but don’t by themselves change fundamentals. Chewy (CHWY) Is a Trending Stock: Facts to Know Before Betting on It

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.