Chewy (NYSE:CHWY) Price Target Cut to $46.00 by Analysts at The Goldman Sachs Group

Chewy (NYSE:CHWY) had its target price trimmed by The Goldman Sachs Group from $52.00 to $46.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on CHWY. Wall Street Zen upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. UBS Group set a $51.00 price target on Chewy in a research report on Tuesday, January 13th. Citizens Jmp reduced their price objective on Chewy from $48.00 to $45.00 and set a “market outperform” rating for the company in a research note on Thursday. Raymond James Financial raised Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chewy in a research note on Wednesday, January 21st. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Chewy has an average rating of “Moderate Buy” and a consensus price target of $43.90.

Chewy Trading Up 1.8%

Shares of NYSE:CHWY 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 PE ratio of 52.03, a price-to-earnings-growth ratio of 1.80 and a beta of 1.60. The company’s 50 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 the consensus estimate of $0.28 by ($0.19). The business 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%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Equities research analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity

In other 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chewy

Several large investors have recently bought and sold shares of the company. Winslow Asset Management Inc. acquired a new position in Chewy in the 3rd quarter valued at $6,171,000. Nordea Investment Management AB acquired a new stake in Chewy during the 3rd quarter worth $6,967,000. Federated Hermes Inc. raised its position in shares of Chewy by 2,715.2% in the third quarter. Federated Hermes Inc. now owns 664,079 shares of the company’s stock valued at $26,862,000 after buying an additional 640,490 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Chewy by 110.6% in the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company’s stock valued at $9,700,000 after buying an additional 125,943 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Chewy by 8,785.0% in the third quarter. CWM LLC now owns 284,499 shares of the company’s stock worth $11,508,000 after buying an additional 281,297 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

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

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.