Brokerages Set Chewy (NYSE:CHWY) PT at $45.84

Chewy (NYSE:CHWY) has been assigned an average recommendation of “Moderate Buy” from the twenty-seven analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $45.8421.

Several equities research analysts have commented on the company. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Thursday, September 25th. Barclays dropped their price objective on Chewy from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Citizens Jmp upgraded Chewy to a “strong-buy” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. dropped their price objective on Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada dropped their price objective on Chewy from $44.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th.

Chewy Price Performance

NYSE:CHWY opened at $32.82 on Friday. Chewy has a fifty-two week low of $28.36 and a fifty-two week high of $48.62. The stock has a market capitalization of $13.62 billion, a PE ratio of 93.78, a price-to-earnings-growth ratio of 8.41 and a beta of 1.67. The business’s 50-day simple moving average is $38.07 and its 200-day simple moving average is $39.36.

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

Institutional Investors Weigh In On Chewy

Institutional investors and hedge funds have recently made changes to their positions in the stock. BC Partners PE LP acquired a new position in shares of Chewy during the 1st quarter worth approximately $7,142,402,000. AQR Capital Management LLC increased its holdings in shares of Chewy by 231.1% during 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. State Street Corp increased its holdings in shares of Chewy by 75.5% during 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. Geode Capital Management LLC increased its holdings in shares of Chewy by 88.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,076,911 shares of the company’s stock worth $174,097,000 after acquiring an additional 1,909,457 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Chewy by 34.7% during 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. Institutional investors own 93.09% of the company’s stock.

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.