Chewy (NYSE:CHWY) Price Target Lowered to $43.00 at UBS Group

Chewy (NYSE:CHWY) had its price target reduced by UBS Group from $46.00 to $43.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

CHWY has been the subject of a number of other reports. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Thursday. Evercore ISI set a $52.00 price target on Chewy and gave the stock an “outperform” rating in a research note on Thursday, June 12th. TD Cowen lowered their price objective on Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Citigroup decreased their target price on Chewy from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Chewy has an average rating of “Moderate Buy” and a consensus target price of $45.72.

Chewy Stock Up 2.6%

Shares of CHWY opened at $36.03 on Thursday. The business has a 50-day simple moving average of $38.60 and a two-hundred day simple moving average of $38.30. Chewy has a 52 week low of $26.28 and a 52 week high of $48.62. The stock has a market cap 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 (NYSE:CHWY) last posted its quarterly earnings data 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). The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, equities analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at Chewy

In related news, CTO Satish Mehta sold 8,727 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total value of $312,601.14. Following the completion of the transaction, the chief technology officer directly owned 276,467 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, CAO William G. Billings sold 20,142 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $716,450.94. Following the completion of the sale, the chief accounting officer owned 29,464 shares in the company, valued at $1,048,034.48. This represents a 40.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,008,777 shares of company stock worth $1,252,444,321. 0.43% of the stock is owned by insiders.

Institutional Trading of Chewy

A number of large investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in shares of Chewy by 150.2% in the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company’s stock valued at $26,000 after acquiring an additional 473 shares during the last quarter. Osterweis Capital Management Inc. purchased a new stake in Chewy during the second quarter valued at approximately $30,000. Golden State Wealth Management LLC raised its holdings in Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company’s stock valued at $31,000 after buying an additional 481 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Chewy during the 1st quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC lifted its position in Chewy by 412.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock worth $46,000 after buying an additional 878 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.