Chewy (NYSE:CHWY) Price Target Lowered to $49.00 at Morgan Stanley

Chewy (NYSE:CHWY) had its target price lowered by Morgan Stanley from $50.00 to $49.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on CHWY. TD Cowen upped their price target on shares of Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. UBS Group set a $51.00 price objective on Chewy in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chewy in a research report on Wednesday, January 21st. Finally, Barclays lowered their target price on Chewy from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.95.

Chewy Stock Up 4.3%

Shares of CHWY stock opened at $27.00 on Tuesday. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 51.91, a price-to-earnings-growth ratio of 1.62 and a beta of 1.60. Chewy has a fifty-two week low of $22.74 and a fifty-two week high of $48.62. The firm’s 50 day moving average price is $26.65 and its two-hundred day moving average price is $31.98.

Chewy (NYSE:CHWY) last released 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). 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 analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Chewy’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts forecast that Chewy will post 0.24 EPS for the current fiscal year.

Insider Transactions at Chewy

In related news, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction on Monday, February 2nd. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chewy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in shares of Chewy in the third quarter worth about $27,000. Osterweis Capital Management Inc. acquired a new stake in Chewy during the 2nd quarter valued at approximately $30,000. CoreCap Advisors LLC grew its stake in Chewy by 306.3% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 637 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Chewy during the 4th quarter worth approximately $31,000. Finally, Harbour Investments Inc. increased its holdings in Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after purchasing an additional 407 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy News Summary

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Geopolitical easing: Shares got an initial lift after reports that President Trump signaled willingness to end the multi‑week conflict with Iran, reducing macro risk for consumer discretionary names like Chewy. Why Chewy (CHWY) Stock Is Trading Up Today
• Positive Sentiment: Margin momentum: Recent analysis points to expanding gross margins driven by a premium product mix, growth in private brands and AI-driven efficiency gains — factors that support profit improvement in 2026. Chewy’s Gross Margin Expands Again: Will the Momentum Last?
• Positive Sentiment: Recurring revenue strength: Autoship penetration hit ~84% with Autoship sales topping $2.7B in Q4, emphasizing durable recurring revenue and higher customer lifetime value. This recurring-sales mix is a structural positive for valuation and cash flow predictability. CHWY’s Autoship Hits 84: Is Recurring Revenue a Key Catalyst?
• Positive Sentiment: Bullish analyst views remain: Morgan Stanley kept an overweight stance (trimmed PT slightly from $50 to $49) and highlighted multiple upside levers for Chewy; RBC also raised its target to $47 — both signal continued conviction among some buy‑side analysts. Benzinga analyst notes
• Neutral Sentiment: Mixed brokerage landscape: The consensus across brokers is roughly a “moderate buy,” while Jefferies reaffirmed a Hold with a $41 target — showing divergent views on near‑term upside versus longer‑term potential. Chewy Given Average Rating of Moderate Buy
• Negative Sentiment: Analyst downgrades/target cuts: Citigroup cut its price target to $40, reflecting some analyst caution on valuation and near‑term execution risks. Citigroup Cuts Chewy Price Target
• Negative Sentiment: Recent earnings miss: Chewy’s March quarter showed an EPS miss (reported March 25), which remains a near‑term catalyst for skeptical investors despite revenue stability and margin commentary. (See recent earnings release and coverage for details.)

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.