Chewy (NYSE:CHWY – Get Free Report)’s stock price dropped 5% during mid-day trading on Friday after Royal Bank Of Canada lowered their price target on the stock from $34.00 to $31.00. Royal Bank Of Canada currently has an outperform rating on the stock. Chewy traded as low as $19.97 and last traded at $20.0170. Approximately 1,104,210 shares were traded during trading, a decline of 87% from the average session volume of 8,491,088 shares. The stock had previously closed at $21.08.
CHWY has been the topic of several other research reports. TD Cowen lowered their price target on shares of Chewy from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James Financial upped their price target on shares of Chewy from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Rosenblatt Securities reduced their price objective on shares of Chewy from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday. Citizens Jmp restated a “market outperform” rating and set a $28.00 price objective on shares of Chewy in a research report on Thursday. Finally, Jefferies Financial Group restated a “hold” rating and set a $23.00 target price on shares of Chewy in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.64.
Check Out Our Latest Stock Report on Chewy
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Chewy News Summary
Here are the key news stories impacting Chewy this week:
- Positive Sentiment: Second-quarter revenue increased 7.3% year over year to $3.33 billion, slightly exceeding estimates, while adjusted EPS of $0.36 was in line with consensus. Customer growth, Autoship sales and cost controls supported the results. CHWY Q2 Earnings Meet Estimates, Sales Beat on Customer Growth
- Positive Sentiment: Management raised portions of its fiscal 2026 revenue and profitability outlook. Stable demand for essential pet products, market-share gains, Autoship growth and potential AI-driven efficiencies provide support for the longer-term investment case. Chewy Q2 Earnings Call Highlights Stable Demand and Higher Outlook
- Positive Sentiment: Some analysts remain constructive: Citizens JMP maintained an outperform rating with a $28 target, while TD Cowen and Bank of America reiterated Buy ratings despite trimming their targets. Longer-term opportunities include veterinary services and other higher-margin businesses. Chewy Buy Rating Reaffirmed
- Neutral Sentiment: Chewy’s recurring-revenue model remains a central investor debate. Autoship sales reached approximately $2.8 billion, but the company is not assuming a meaningful recovery in discretionary pet spending, limiting near-term growth catalysts. Chewy’s Sell-Off Puts Its Recurring Revenue Story Back on Trial
- Negative Sentiment: Free cash flow came in below expectations, while flat gross margins and weaker liquidity following acquisition-related spending increased concerns about the quality and sustainability of earnings. Free Cash Flow Miss Overshadows Raised Outlook
- Negative Sentiment: Analyst sentiment has become more cautious amid slowing organic growth and limited catalysts. JPMorgan reaffirmed Neutral but cut its price target to $24 from $29; Rosenblatt also lowered its target to $24 and retained Neutral. Chewy Posts In-Line Q2 Earnings
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in CHWY. Wellington Management Group LLP grew its position in shares of Chewy by 295.9% during the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock valued at $712,841,000 after purchasing an additional 13,171,325 shares in the last quarter. Viking Global Investors LP lifted its position in shares of Chewy by 146.9% in the fourth quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock worth $447,386,000 after buying an additional 8,052,955 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Chewy by 120.2% in the third quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock worth $407,948,000 after buying an additional 5,564,803 shares in the last quarter. California State Teachers Retirement System boosted its stake in Chewy by 1,828.1% during the second quarter. California State Teachers Retirement System now owns 5,042,544 shares of the company’s stock valued at $99,086,000 after buying an additional 4,781,020 shares during the last quarter. Finally, Norges Bank bought a new position in Chewy during the fourth quarter valued at approximately $154,647,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.
Chewy Price Performance
The firm has a market cap of $8.11 billion, a PE ratio of 30.02, a PEG ratio of 0.83 and a beta of 1.42. The firm has a fifty day simple moving average of $22.44 and a two-hundred day simple moving average of $23.09. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.35 and a current ratio of 0.84.
Chewy (NYSE:CHWY – Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.32 billion. Chewy had a return on equity of 60.88% and a net margin of 2.09%.The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. Equities analysts predict that Chewy will post 0.8 EPS for the current fiscal year.
About Chewy
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.
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