Chewy’s (CHWY) “Neutral” Rating Reiterated at BNP Paribas Exane

BNP Paribas Exane reiterated their neutral rating on shares of Chewy (NYSE:CHWY) in a research report report published on Thursday,Benzinga reports. The brokerage currently has a $28.00 price objective on the stock, down from their prior price objective of $38.00.

CHWY has been the topic of several other reports. Raymond James Financial raised shares of Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research report on Thursday, February 19th. Morgan Stanley reduced their price target on shares of Chewy from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, March 10th. Wedbush set a $42.00 price objective on shares of Chewy and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. Finally, UBS Group set a $51.00 target price on shares of Chewy in a research note on Tuesday, January 13th. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.81.

Chewy Trading Down 3.0%

Shares of CHWY opened at $26.19 on Thursday. The business’s 50-day moving average price is $26.92 and its 200 day moving average price is $32.13. The stock has a market capitalization of $10.87 billion, a P/E ratio of 50.36, a P/E/G ratio of 1.77 and a beta of 1.60. Chewy has a 1-year low of $22.74 and a 1-year high of $48.62.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.19). Chewy had a return on equity of 53.48% and a net margin of 1.77%.The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. Chewy’s quarterly revenue was up .5% on a year-over-year basis. On average, research analysts predict that Chewy will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Chewy

In other news, CTO Satish Mehta sold 13,013 shares of the company’s 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 $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 is available at this link. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of Chewy

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew 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 increased its stake in Chewy by 295.9% in the 3rd 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 period. Viking Global Investors LP lifted its position in 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 lifted its position in Chewy by 10.0% in the 4th 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 in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Chewy by 33.8% during the 4th quarter. Morgan Stanley now owns 7,660,258 shares of the company’s stock valued at $253,172,000 after buying an additional 1,937,014 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

More Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Management issued optimistic FY guidance and highlighted margin/FCF gains and revenue resilience — the earnings call and company presentation emphasized autoship strength, adjusted EBITDA growth and a constructive earnings outlook that drove buying interest. Chewy, Inc. Q4 2026 Earnings Call Summary
• Positive Sentiment: Autoship and customer metrics look sticky — autoship accounts for the bulk of net sales and Chewy reported active‑customer growth and higher sales per active user, which supports recurring revenue visibility and justify premium multiple expansion if execution continues. Chewy Gobbles up Market Share in 2026: Poised to Advance in Q2
• Positive Sentiment: AI-driven efficiency and Chewy Vet Care expansion are framed as near‑term margin levers — analysts and coverage pieces call out expected cost savings from AI initiatives and revenue/margin upside from the company’s vet services push. Chewy Posts Solid Q4, Indicates AI-Related Efficiency Benefits Ahead
• Neutral Sentiment: Analysts remain constructive but have trimmed price targets — several banks reaffirmed buy/overweight ratings while cutting targets after Q4, leaving a mixed consensus (many still show significant upside from current levels). These Analysts Cut Their Forecasts On Chewy Following Q4 Results
• Negative Sentiment: Institutional ownership and sentiment pose downside risk — MarketBeat flags that institutions own a very large share and were sellers earlier in the quarter; continued selling could cap near‑term upside despite positive fundamentals. Chewy Gobbles up Market Share in 2026: Poised to Advance in Q2
• Negative Sentiment: Some headlines noted mixed earnings details — while revenue and cash‑flow beats and guidance impressed, EPS and certain adjusted metrics produced mixed comparisons to Street expectations, which leaves execution risk if margins or growth slow. CHWY Stock Up 13% Following Solid Q4 Performance Despite Earnings Miss

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.