Chewy (NYSE:CHWY) Price Target Lowered to $43.00 at Royal Bank Of Canada

Chewy (NYSE:CHWY) had its target price lowered by Royal Bank Of Canada from $44.00 to $43.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

CHWY has been the subject of a number of other reports. JMP Securities reissued a “market outperform” rating and issued a $48.00 price target on shares of Chewy in a research report on Thursday. Guggenheim restated a “buy” rating and issued a $45.00 target price (up previously from $42.00) on shares of Chewy in a research note on Thursday, June 12th. UBS Group reaffirmed a “neutral” rating and issued a $44.00 price target on shares of Chewy in a report on Tuesday, August 5th. Robert W. Baird decreased their price objective on Chewy from $52.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Citigroup reissued an “outperform” rating on shares of Chewy in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.72.

Chewy Stock Performance

Chewy stock opened at $36.03 on Thursday. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 102.94, a PEG ratio of 7.35 and a beta of 1.65. Chewy has a 52-week low of $26.28 and a 52-week high of $48.62. The stock’s 50 day moving average price is $38.60 and its two-hundred day moving average price is $38.30.

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

Insiders Place Their Bets

In related news, CTO Satish Mehta sold 8,727 shares of Chewy stock in a transaction that occurred on 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 directly owned 276,467 shares in the company, valued at $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of Chewy stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total value of $1,250,000,010.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,008,777 shares of company stock valued at $1,252,444,321 in the last 90 days. 0.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chewy

Several hedge funds have recently made changes to their positions in CHWY. Parkside Financial Bank & Trust raised its stake in Chewy by 34.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after buying an additional 298 shares during the last quarter. Liberty One Investment Management LLC boosted its stake in shares of Chewy by 4.7% in the first quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company’s stock worth $229,000 after acquiring an additional 314 shares during the period. North Star Investment Management Corp. boosted its stake in shares of Chewy by 26.6% in the first quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock worth $55,000 after acquiring an additional 353 shares during the period. Federated Hermes Inc. boosted its stake in Chewy by 2.3% during the first quarter. Federated Hermes Inc. now owns 15,685 shares of the company’s stock valued at $510,000 after buying an additional 354 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in Chewy by 5.3% during the first quarter. Park Avenue Securities LLC now owns 7,281 shares of the company’s stock valued at $237,000 after buying an additional 364 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

About Chewy

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.