Chewy (NYSE:CHWY) Given New $36.00 Price Target at Wedbush

Chewy (NYSE:CHWY) had its target price reduced by Wedbush from $42.00 to $36.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts have also weighed in on CHWY. Wall Street Zen raised shares of Chewy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a report on Wednesday, January 21st. Morgan Stanley lowered their price objective on shares of Chewy from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, March 10th. Citizens Jmp dropped their price objective on Chewy from $48.00 to $45.00 and set a “market outperform” rating on the stock in a research note on Thursday. Finally, Wolfe Research set a $44.00 target price on Chewy in a research note on Monday, January 5th. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.90.

Chewy Stock Up 1.8%

CHWY stock opened at $27.05 on Thursday. Chewy has a twelve month low of $22.74 and a twelve month high of $48.62. The company has a market cap of $11.23 billion, a P/E ratio of 52.03, a price-to-earnings-growth ratio of 1.80 and a beta of 1.60. The business’s fifty day moving average is $27.08 and its 200-day moving average is $32.30.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.26 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. Research analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the sale, the chief technology officer directly owned 273,835 shares of the company’s stock, valued at $7,938,476.65. The trade was a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quent Capital LLC bought a new stake in shares of Chewy during the 3rd quarter worth approximately $27,000. Osterweis Capital Management Inc. bought a new position in shares of Chewy in the second quarter valued at $30,000. CoreCap Advisors LLC grew its stake in shares of Chewy by 306.3% in the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 637 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Chewy during the fourth quarter worth $31,000. Finally, Harbour Investments Inc. raised its position in Chewy by 81.4% during the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after acquiring an additional 407 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Key Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Q4 results and upbeat 2026 guidance — Chewy reported roughly $3.26B in Q4 revenue, improved margins and materially higher free cash flow, and provided a confident 2026 sales and EBITDA-margin outlook that convinced investors the recovery in profitability is sustainable. Business Wire: Chewy Q4 Results
• Positive Sentiment: Autoship strength, AI efficiency and Vet Care growth — Management highlighted Autoship (sticky recurring revenue), expected AI-driven cost savings, and expansion of Chewy Vet Care as key levers for margin expansion and market-share gains. These operating levers were cited repeatedly as the main reason for the stock move. Benzinga: AI Efficiency Benefits
• Positive Sentiment: Improving cash generation and margin profile — Analysts and investors noted a sizable year-over-year rise in free cash flow and adjusted EBITDA, supporting buyback flexibility and valuation upside in models showing multi-year EPS recovery. Seeking Alpha: Expanding Margin Profile
• Neutral Sentiment: Unusual options and intraday positioning — Large call-buying and heavy options volume amplified the move, suggesting part of the move was technical/flow-driven (short-covering and positioning) rather than purely fundamentals. American Banking News: Options Volume
• Neutral Sentiment: Positive CEO messaging & media coverage — CEO interviews and press coverage reinforced the bullish tone on resilient pet demand even as consumers face cost pressure, supporting sentiment but not altering fundamentals overnight. CNBC: CEO Interview
• Negative Sentiment: Analyst price-target cuts and mixed receptions — Several firms trimmed targets (JPMorgan, Goldman, Wedbush among others) even as many kept Buy/Overweight ratings, leaving room for further revisions and volatility if execution slips. Benzinga: Analyst Target Changes
• Negative Sentiment: Insider and institutional selling — Recent filings show insiders and some large institutions trimming positions, which increases supply risk if selling resumes and could limit near-term upside. Quiver Quant: Shareholder Activity

Chewy Company Profile

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.