Chewy (NYSE:CHWY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Chewy (NYSE:CHWY) have been given an average rating of “Moderate Buy” by the twenty-five brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.7222.

Several brokerages recently issued reports on CHWY. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. JPMorgan Chase & Co. reduced their price objective on Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Morgan Stanley decreased their price objective on Chewy from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Royal Bank Of Canada dropped their price objective on Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Finally, Seaport Res Ptn upgraded shares of Chewy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 10th.

Insider Activity at Chewy

In related news, CTO Satish Mehta sold 8,872 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.53, for a total transaction of $297,478.16. Following the sale, the chief technology officer owned 229,702 shares in the company, valued at approximately $7,701,908.06. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO William G. Billings sold 1,121 shares of Chewy stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total transaction of $36,679.12. Following the completion of the sale, the chief accounting officer directly owned 31,045 shares of the company’s stock, valued at $1,015,792.40. The trade was a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 83,985 shares of company stock valued at $2,802,809. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Chewy

Institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in Chewy by 130.3% in the first quarter. American Century Companies Inc. now owns 26,973 shares of the company’s stock valued at $877,000 after buying an additional 15,263 shares during the period. Hsbc Holdings PLC purchased a new stake in Chewy during the first quarter worth approximately $298,000. T. Rowe Price Investment Management Inc. increased its position in shares of Chewy by 45.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 811,083 shares of the company’s stock worth $26,369,000 after acquiring an additional 253,540 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Chewy by 426.1% in the first quarter. Ameriprise Financial Inc. now owns 1,189,957 shares of the company’s stock worth $38,686,000 after acquiring an additional 963,780 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Chewy by 19.6% in the 1st quarter. Kestra Advisory Services LLC now owns 49,007 shares of the company’s stock valued at $1,593,000 after acquiring an additional 8,048 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Up 0.5%

Chewy stock opened at $32.44 on Friday. The firm has a market capitalization of $13.46 billion, a PE ratio of 67.58, a P/E/G ratio of 3.27 and a beta of 1.58. Chewy has a 52 week low of $29.83 and a 52 week high of $48.62. The firm’s 50-day simple moving average is $34.40 and its 200 day simple moving average is $37.79.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, December 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). Chewy had a net margin of 1.64% and a return on equity of 56.78%. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the business posted $0.20 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, research analysts expect that Chewy will post 0.24 EPS for the current fiscal year.

About Chewy

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.