Chewy (NYSE:CHWY) Given New $40.00 Price Target at JPMorgan Chase & Co.

Chewy (NYSE:CHWY) had its price target reduced by JPMorgan Chase & Co. from $46.00 to $40.00 in a research report sent to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

CHWY has been the topic of several other reports. Raymond James Financial raised Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research report on Thursday, February 19th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. TD Cowen increased their price objective on Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Chewy in a report on Wednesday, January 21st. Finally, UBS Group set a $51.00 price objective on shares of Chewy in a research report on Tuesday, January 13th. Seventeen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and an average target price of $43.90.

Chewy Stock Up 1.8%

Chewy stock opened at $27.05 on Thursday. Chewy has a 12 month low of $22.74 and a 12 month high of $48.62. The stock has a market cap of $11.23 billion, a P/E ratio of 52.03, a P/E/G ratio of 1.80 and a beta of 1.60. The company’s fifty day simple moving average is $27.08 and its 200-day simple moving average is $32.30.

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

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the transaction, the chief technology officer directly owned 273,835 shares in the company, valued at $7,938,476.65. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quent Capital LLC acquired a new stake in Chewy in the 3rd quarter worth approximately $27,000. Osterweis Capital Management Inc. acquired a new position in Chewy during the second quarter valued at approximately $30,000. CoreCap Advisors LLC raised its position 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 purchasing an additional 637 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Chewy in the fourth quarter valued at approximately $31,000. Finally, Harbour Investments Inc. lifted its stake in shares of Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after buying an additional 407 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Key Headlines Impacting Chewy

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

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.