Chewy (NYSE:CHWY) Given Average Recommendation of “Moderate Buy” by Brokerages

Chewy (NYSE:CHWY) has been given a consensus rating of “Moderate Buy” by the twenty-five brokerages that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $32.0476.

A number of research firms have commented on CHWY. Raymond James Financial restated a “buy” rating on shares of Chewy in a research note on Wednesday. Morgan Stanley decreased their price target on Chewy from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday. Royal Bank Of Canada decreased their price target on Chewy from $47.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday. BNP Paribas Exane restated a “neutral” rating and set a $28.00 price target (down from $38.00) on shares of Chewy in a research note on Thursday, March 26th. Finally, Guggenheim restated a “buy” rating and set a $45.00 price target on shares of Chewy in a research note on Monday, April 27th.

Key Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy’s Autoship subscription program continued to grow faster than overall sales in Q1, supporting recurring revenue, customer retention, and visibility into future cash flow. Chewy’s Autoship Business Continues to Drive Recurring Revenue Growth
• Positive Sentiment: Several analysts still see upside despite trimming price targets, and Citi reiterated a Buy rating while saying valuation has compressed enough to leave room for recovery. Chewy: Buy Rating Reiterated as Analyst Cuts Price Target to $31 but Sees Significant Upside from Compressed Valuation
• Positive Sentiment: Chewy’s Q1 results showed revenue growth and margin expansion, and management kept profitability guidance intact even as it lowered the sales outlook. Chewy Q1 Earnings Meet Estimates, Sales Beat on Autoship Strength

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 4,220 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $108,032.00. Following the sale, the chief executive officer directly owned 123,955 shares in the company, valued at approximately $3,173,248. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were 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. Over the last quarter, insiders sold 95,675 shares of company stock worth $2,459,955. Insiders own 0.34% of the company’s stock.

Institutional Trading of Chewy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Chewy by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock worth $658,367,000 after buying an additional 1,017,214 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Chewy by 110.6% during the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company’s stock worth $9,700,000 after buying an additional 125,943 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Chewy by 218.6% during the third quarter. Intech Investment Management LLC now owns 173,300 shares of the company’s stock worth $7,010,000 after buying an additional 118,903 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in shares of Chewy during the third quarter worth about $89,022,000. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Chewy by 550.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 102,249 shares of the company’s stock worth $3,379,000 after buying an additional 86,526 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Stock Performance

Shares of Chewy stock opened at $19.30 on Friday. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 0.90 and a beta of 1.44. Chewy has a fifty-two week low of $18.22 and a fifty-two week high of $43.84. The stock has a 50 day moving average of $23.48 and a 200 day moving average of $27.46.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, June 10th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.19. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. Chewy had a return on equity of 60.02% and a net margin of 1.99%.The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. Analysts forecast that Chewy will post 0.84 EPS for the current year.

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.