Chewy’s (CHWY) “Neutral” Rating Reaffirmed at BNP Paribas Exane

BNP Paribas Exane restated their neutral rating on shares of Chewy (NYSE:CHWY) in a research report sent to investors on Thursday,Benzinga reports. BNP Paribas Exane currently has a $28.00 price objective on the stock, down from their previous price objective of $38.00.

Several other equities research analysts have also commented on the company. Barclays cut their target price on Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Raymond James Financial raised Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Thursday, February 19th. TD Cowen cut their price target on Chewy from $48.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. The Goldman Sachs Group raised their price objective on shares of Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, Wolfe Research set a $44.00 price objective on shares of Chewy in a research note on Monday, January 5th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chewy currently has an average rating of “Moderate Buy” and an average target price of $43.90.

Chewy Stock Up 1.8%

CHWY stock opened at $27.05 on Thursday. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 52.03, a PEG 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 has a 12-month low of $22.74 and a 12-month high of $48.62.

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

Insider Activity

In other news, CTO Satish Mehta sold 13,013 shares of Chewy 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chewy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in Chewy by 2.5% during the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock valued at $7,168,000 after purchasing an additional 5,466 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Chewy in the first quarter valued at approximately $510,000. NewEdge Advisors LLC lifted its holdings in shares of Chewy by 5,238.3% in the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock valued at $1,057,000 after purchasing an additional 31,901 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Chewy by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock valued at $38,236,000 after buying an additional 17,788 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Chewy by 31.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock worth $12,483,000 after buying an additional 92,129 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Trending Headlines about 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.