Chewy (NYSE:CHWY) Given New $47.00 Price Target at Barclays

Chewy (NYSE:CHWY) had its target price lowered by Barclays from $50.00 to $47.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also commented on the stock. JMP Securities restated a “market outperform” rating and issued a $48.00 price objective on shares of Chewy in a research report on Thursday. Wall Street Zen lowered shares of Chewy from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Robert W. Baird cut their price objective on shares of Chewy from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $44.00 to $50.00 in a research report on Monday. Finally, Citigroup restated an “outperform” rating on shares of Chewy in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and a consensus target price of $45.72.

Chewy Price Performance

NYSE:CHWY opened at $36.03 on Thursday. The company has a market cap of $14.96 billion, a P/E ratio of 102.94, a P/E/G ratio of 7.35 and a beta of 1.65. The stock’s fifty day moving average price is $38.60 and its two-hundred day moving average price is $38.30. Chewy has a 1 year low of $26.28 and a 1 year high of $48.62.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.19). Chewy had a return on equity of 50.45% and a net margin of 1.22%.The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The company’s revenue was up 8.6% on a year-over-year basis. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, analysts expect that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 8,727 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total transaction of $312,601.14. Following the sale, the chief technology officer owned 276,467 shares in the company, valued at $9,903,047.94. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sumit Singh sold 4,264 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $151,670.48. Following the sale, the chief executive officer owned 72,549 shares in the company, valued at $2,580,567.93. The trade was a 5.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,008,777 shares of company stock worth $1,252,444,321. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

A number of hedge funds have recently made changes to their positions in the business. BC Partners PE LP bought a new stake in shares of Chewy in the 1st quarter worth approximately $7,142,402,000. Invesco Ltd. lifted its holdings in shares of Chewy by 34.7% in the 2nd quarter. Invesco Ltd. now owns 7,187,518 shares of the company’s stock worth $306,332,000 after acquiring an additional 1,852,531 shares during the last quarter. State Street Corp lifted its holdings in shares of Chewy by 75.5% in the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company’s stock worth $262,974,000 after acquiring an additional 2,654,496 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Chewy by 231.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,631,343 shares of the company’s stock worth $196,323,000 after acquiring an additional 3,232,763 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Chewy by 8.2% in the 1st quarter. Voya Investment Management LLC now owns 4,146,973 shares of the company’s stock worth $134,818,000 after acquiring an additional 312,795 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.