The Goldman Sachs Group Lowers Chewy (NYSE:CHWY) Price Target to $46.00

Chewy (NYSE:CHWY) had its target price decreased by investment analysts at The Goldman Sachs Group from $52.00 to $46.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 69.39% from the stock’s previous close.

A number of other research firms also recently weighed in on CHWY. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a report on Thursday, December 11th. Wolfe Research set a $44.00 price target on Chewy in a research report on Monday, January 5th. Morgan Stanley cut their price objective on Chewy from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, March 10th. Guggenheim reaffirmed a “buy” rating and issued a $45.00 target price on shares of Chewy in a report on Thursday. Finally, TD Cowen lifted their price target on shares of Chewy from $39.00 to $42.00 and gave the company a “buy” rating in a report on Thursday. Seventeen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Chewy has an average rating of “Moderate Buy” and an average target price of $44.14.

Chewy Stock Performance

Shares of NYSE:CHWY traded up $0.59 during midday trading on Thursday, reaching $27.16. 3,115,367 shares of the company’s stock were exchanged, compared to its average volume of 8,259,644. The company’s 50 day simple moving average is $27.19 and its two-hundred day simple moving average is $32.34. Chewy has a 12 month low of $22.74 and a 12 month high of $48.62. The firm has a market capitalization of $11.27 billion, a PE ratio of 56.36, a price-to-earnings-growth ratio of 1.59 and a beta of 1.60.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $28.99, for a total value of $377,246.87. Following the completion of the sale, the chief technology officer owned 273,835 shares in the company, valued at approximately $7,938,476.65. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by company insiders.

Institutional Trading of Chewy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quent Capital LLC acquired a new position in Chewy during the 3rd quarter worth $27,000. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy in the 2nd quarter valued at $30,000. CoreCap Advisors LLC raised its position in shares of Chewy by 306.3% during the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 637 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Chewy during the fourth quarter worth $31,000. Finally, Harbour Investments Inc. lifted its stake in shares of Chewy by 81.4% during the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after acquiring an additional 407 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Key Headlines Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Company issued upbeat 2026 guidance and margin targets that lifted conviction in profit recovery and free‑cash‑flow expansion. Chewy: Expanding Margin Profile
• Positive Sentiment: Operational strengths — Autoship growth, higher sales per active customer and reported margin expansion — were cited as drivers of the post‑earnings rally. CHWY Stock Up 13% Following Solid Q4 Performance Despite Earnings Miss (Zacks)
• Positive Sentiment: Management highlighted AI cost savings and vet-care expansion as multi‑year margin levers, reinforcing the thesis that operating efficiency will boost profit conversion. Chewy Stock Soars on Strong 2026 Revenue Outlook and AI Cost Savings (Blockonomi)
• Neutral Sentiment: Quarterly print was mixed: revenue was roughly in line with consensus while EPS comparisons varied (some outlets flagged a beat vs. low expectations; others noted a small miss vs. higher estimates). That ambiguity amplified intraday moves. Chewy Q4 Earnings: How Key Metrics Compare to Wall Street Estimates (Zacks)
• Neutral Sentiment: Heavy options and intraday call buying amplified price moves around the print — a technical/flow factor that can exaggerate swings short‑term. Chewy Stock Surges On Strong Q4 Results And Guidance (Benzinga)
• Negative Sentiment: Several shops adjusted price targets — some trimmed targets despite the positive print — introducing near‑term sellside caution and mixed messaging for investors. Analyst price target and rating updates (Benzinga)
• Negative Sentiment: High institutional ownership and recent large institutional reductions raise the risk of further downside if funds continue to trim positions; insider sales were also noted in recent filings. Chewy jumps 15% as investors position for fiscal Q4 and full-year results (QuiverQuant)

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.