Chewy (NYSE:CHWY) Price Target Lowered to $40.00 at Citigroup

Chewy (NYSE:CHWY) had its target price cut by equities researchers at Citigroup from $42.00 to $40.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 52.75% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Wall Street Zen upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Wedbush decreased their target price on shares of Chewy from $42.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday. BNP Paribas Exane reiterated a “neutral” rating and issued a $28.00 target price (down from $38.00) on shares of Chewy in a research note on Thursday. The Goldman Sachs Group cut their price target on shares of Chewy from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday. Finally, Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. Seventeen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.81.

Chewy Stock Down 3.0%

Shares of NYSE:CHWY traded down $0.82 during midday trading on Friday, reaching $26.19. 2,966,914 shares of the company traded hands, compared to its average volume of 8,315,414. The firm’s fifty day moving average price is $27.08 and its two-hundred day moving average price is $32.30. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 50.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.60. Chewy has a 12 month low of $22.74 and a 12 month high of $48.62.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.19). The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.26 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. Analysts forecast that Chewy will post 0.24 earnings per share for the current year.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the completion of the transaction, the chief technology officer owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

A number of institutional investors and hedge funds have recently bought and sold shares of CHWY. Park Avenue Securities LLC boosted its stake in shares of Chewy by 4.0% in the 3rd quarter. Park Avenue Securities LLC now owns 7,810 shares of the company’s stock valued at $316,000 after purchasing an additional 302 shares in the last quarter. Transatlantique Private Wealth LLC lifted its stake in Chewy by 3.0% in the third quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock worth $442,000 after purchasing an additional 314 shares during the last quarter. National Bank of Canada FI lifted its stake in Chewy by 12.5% in the third quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock worth $118,000 after purchasing an additional 324 shares during the last quarter. Angeles Wealth Management LLC boosted its position in Chewy by 6.6% during the third quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $215,000 after buying an additional 330 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in Chewy by 3.2% during the third quarter. Sivia Capital Partners LLC now owns 11,072 shares of the company’s stock valued at $448,000 after buying an additional 343 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Q4 operational beat and upbeat 2026 outlook: Chewy reported solid Q4 sales (Autoship growth) and raised guidance for 2026, pointing to margin expansion and stronger free cash flow — a key reason the stock rallied after the print. Article Title
• Positive Sentiment: AI and Vet Care cited as margin/catalyst drivers: Management and analysts flagged AI-related cost savings and growth in Chewy Vet Care as multi-year profit levers that underpin management’s bullish tone. Article Title
• Positive Sentiment: Improving cash generation and margin expansion: Analysts and investors pointed to notable free cash flow and adjusted EBITDA gains, supporting buyback capacity and a clearer path to profitability. Article Title
• Neutral Sentiment: Mixed analyst reactions — mostly constructive but cautious: Several firms kept Buy/Overweight stances (some raised or reaffirmed ratings) even while updating models after the quarter. These notes support upside but reflect model changes. Article Title Article Title
• Neutral Sentiment: Earnings call and media interviews amplified the message: CEO comments and call transcripts reiterated long‑term margin thesis and customer engagement despite near‑term noise. Article Title
• Negative Sentiment: Analyst price‑target cuts and forecast trims created headwinds: Multiple firms lowered targets after the print (e.g., JPMorgan, Goldman Sachs, Wedbush and others), which can limit near‑term upside and encourage selling. Article Title
• Negative Sentiment: Concentration of institutional ownership and short‑term flows: High institutional ownership and heavy options/short‑term activity around the print raise the risk of volatile swings and profit‑taking. Article Title

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.