Chewy (NYSE:CHWY) Price Target Lowered to $48.00 at Barclays

Chewy (NYSE:CHWY) had its target price lowered by investment analysts at Barclays from $52.00 to $48.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 85.11% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on CHWY. Raymond James Financial raised shares of Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research report on Thursday, February 19th. Citigroup reiterated a “market outperform” rating on shares of Chewy in a research report on Monday, November 24th. The Goldman Sachs Group lifted their price target on Chewy from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. UBS Group set a $51.00 target price on shares of Chewy in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a research note on Wednesday, January 21st. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.05.

Chewy Stock Performance

Shares of NYSE:CHWY traded up $0.42 during trading on Thursday, hitting $25.93. The company’s stock had a trading volume of 2,888,441 shares, compared to its average volume of 8,041,238. The stock’s 50-day moving average price is $29.48 and its two-hundred day moving average price is $33.99. Chewy has a fifty-two week low of $23.06 and a fifty-two week high of $48.62. The company has a market capitalization of $10.76 billion, a PE ratio of 54.02, a PEG ratio of 1.81 and a beta of 1.60.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, equities analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total value of $377,246.87. Following the transaction, the chief technology officer owned 273,835 shares in the company, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Chewy by 5.4% during 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 in the last quarter. Wellington Management Group LLP boosted its stake in 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 buying an additional 13,171,325 shares during the last quarter. Viking Global Investors LP grew its stake in shares of Chewy by 146.9% in the 4th 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 raised its holdings in shares of Chewy by 10.0% in the fourth quarter. AQR Capital Management LLC now owns 11,218,840 shares of the company’s stock worth $370,558,000 after buying an additional 1,022,694 shares during the period. Finally, Morgan Stanley grew its holdings in Chewy by 33.8% during the 4th quarter. Morgan Stanley now owns 7,660,258 shares of the company’s stock worth $253,172,000 after acquiring an additional 1,937,014 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Chewy Company Profile

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.