Zacks Research upgraded shares of Chewy (NYSE:CHWY – Free Report) from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.
CHWY has been the topic of several other reports. JPMorgan Chase & Co. cut their target price on Chewy from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. BNP Paribas Exane restated a “neutral” rating and set a $28.00 target price (down from $38.00) on shares of Chewy in a report on Thursday, March 26th. Citizens Jmp cut their target price on Chewy from $48.00 to $45.00 and set a “market outperform” rating on the stock in a report on Thursday, March 26th. Weiss Ratings restated a “hold (c)” rating on shares of Chewy in a report on Wednesday, January 21st. Finally, Wedbush dropped their price objective on Chewy from $42.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.91.
View Our Latest Stock Report on Chewy
Chewy Trading Up 2.1%
Chewy (NYSE:CHWY – Get Free Report) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.26 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. Chewy’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. As a group, sell-side analysts forecast that Chewy will post 0.24 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total value of $377,246.87. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Da-Wai Hu sold 8,149 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The disclosure for this sale is available in the SEC filing. 0.43% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of CHWY. Wellington Management Group LLP raised its position in 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 purchasing an additional 13,171,325 shares during the last quarter. Viking Global Investors LP raised its position in 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 purchasing an additional 8,052,955 shares during the last quarter. AQR Capital Management LLC raised its position in Chewy by 120.2% in the 3rd quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock worth $407,948,000 after purchasing an additional 5,564,803 shares during the last quarter. Norges Bank bought a new position in Chewy in the 4th quarter worth approximately $154,647,000. Finally, State Street Corp raised its position 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 valued at $262,974,000 after acquiring an additional 2,654,496 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Chewy
Here are the key news stories impacting Chewy this week:
- Positive Sentiment: Zacks upgraded CHWY to a Rank #1 (Strong Buy), signaling stronger earnings optimism that can spur buying interest. Chewy (CHWY) Upgraded to Strong Buy: Here’s What You Should Know
- Positive Sentiment: Market coverage reporting that CHWY outperformed the broader market today (shares settling higher) is reinforcing momentum and visibility among retail investors. Chewy (CHWY) Beats Stock Market Upswing: What Investors Need to Know
- Positive Sentiment: Analyst/commentary pieces (e.g., The Motley Fool) are framing Chewy as an under-the-radar e‑commerce opportunity with large addressable market exposure and visible earnings levers, which can attract longer‑term investors. Prediction: This Under-the-Radar E-Commerce Stock is Set to Soar
- Neutral Sentiment: Valuation and operational analyses note a discounted multiple, an ~83% Autoship sales mix and potential AI-driven savings — positives for margins but dependent on execution; these reports are informative but not definitive catalysts. Is Chewy Stock a Buy, Hold or Sell at Its Current Valuation?
- Neutral Sentiment: “Trending” and watchlist coverage highlights elevated investor interest and pageviews, which can amplify short-term moves but don’t by themselves change fundamentals. Chewy (CHWY) Is a Trending Stock: Facts to Know Before Betting on It
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.
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