TD Cowen Issues Positive Forecast for Chewy (NYSE:CHWY) Stock Price

Chewy (NYSE:CHWY) had its price objective lifted by TD Cowen from $39.00 to $42.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

CHWY has been the topic of several other research reports. Citizens Jmp cut 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. BNP Paribas Exane reiterated a “neutral” rating and issued a $28.00 price target (down from $38.00) on shares of Chewy in a report on Thursday. Wall Street Zen upgraded Chewy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Piper Sandler reaffirmed an “overweight” rating on shares of Chewy in a report on Thursday, February 5th. Finally, UBS Group set a $51.00 target price on shares of Chewy in a report on Tuesday, January 13th. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Chewy currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.90.

Chewy Stock Up 1.8%

Shares of NYSE CHWY opened at $27.05 on Thursday. Chewy has a fifty-two week low of $22.74 and a fifty-two week high of $48.62. The firm has a market cap of $11.23 billion, a PE ratio of 52.03, a price-to-earnings-growth ratio of 1.80 and a beta of 1.60. The business has a 50 day moving average price of $27.08 and a two-hundred day moving average price of $32.30.

Chewy (NYSE:CHWY) last posted its quarterly earnings results 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). Chewy had a net margin of 1.77% and a return on equity of 53.48%. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The company’s revenue was up .5% on a year-over-year basis. On average, analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the sale, the chief technology officer 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Chewy

A number of institutional investors and hedge funds have recently bought and sold shares of CHWY. Wellington Management Group LLP lifted its stake in shares of Chewy by 295.9% in the 3rd quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock worth $712,841,000 after acquiring an additional 13,171,325 shares during the period. Viking Global Investors LP raised its stake in shares of Chewy by 146.9% in the 4th quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock worth $447,386,000 after buying an additional 8,052,955 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Chewy by 120.2% in the third quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock valued at $407,948,000 after buying an additional 5,564,803 shares during the period. Norges Bank acquired a new stake in shares of Chewy in the fourth quarter valued at $154,647,000. Finally, State Street Corp boosted its stake in Chewy by 75.5% during the second quarter. State Street Corp now owns 6,170,197 shares of the company’s stock valued at $262,974,000 after buying an additional 2,654,496 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

More 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

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.