Recent Analysts’ Ratings Updates for Chewy (CHWY)

Several brokerages have updated their recommendations and price targets on shares of Chewy (NYSE: CHWY) in the last few weeks:

• 12/16/2024 – Chewy had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $37.00 price target on the stock.
• 12/5/2024 – Chewy had its price target raised by analysts at JPMorgan Chase & Co. from $37.00 to $38.00. They now have an “overweight” rating on the stock.
• 12/5/2024 – Chewy had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $39.00 price target on the stock, up previously from $35.00.
• 12/5/2024 – Chewy had its price target raised by analysts at Royal Bank of Canada from $39.00 to $42.00. They now have an “outperform” rating on the stock.
• 12/5/2024 – Chewy was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating.
• 12/5/2024 – Chewy had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 12/5/2024 – Chewy had its price target raised by analysts at The Goldman Sachs Group, Inc. from $35.00 to $40.00. They now have a “buy” rating on the stock.
• 12/3/2024 – Chewy had its price target raised by analysts at UBS Group AG from $30.00 to $34.00. They now have a “neutral” rating on the stock.
• 12/2/2024 – Chewy had its price target raised by analysts at Piper Sandler from $35.00 to $40.00. They now have an “overweight” rating on the stock.
• 11/25/2024 – Chewy had its price target raised by analysts at Morgan Stanley from $33.00 to $36.00. They now have an “overweight” rating on the stock.
• 11/25/2024 – Chewy had its price target raised by analysts at Robert W. Baird from $35.00 to $40.00. They now have an “outperform” rating on the stock.
• 11/22/2024 – Chewy had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $24.00 to $28.00. They now have a “hold” rating on the stock.
• 11/20/2024 – Chewy was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “buy” rating. They now have a $40.00 price target on the stock, up previously from $24.00.
• 11/18/2024 – Chewy had its price target raised by analysts at Barclays PLC from $34.00 to $40.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Chewy was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $40.00 price target on the stock, up previously from $28.00.
• 10/23/2024 – Chewy had its “hold” rating reaffirmed by analysts at Needham & Company LLC.

Chewy Stock Performance

Shares of CHWY opened at $33.61 on Wednesday. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 4.28 and a beta of 1.12. The firm has a 50 day moving average price of $30.92 and a 200-day moving average price of $27.99.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the previous year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts predict that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insider Activity at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $29.40, for a total value of $789,999,991.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Satish Mehta sold 8,056 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the completion of the transaction, the chief technology officer now owns 585,962 shares in the company, valued at $19,612,148.14. The trade was a 1.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,956,046 shares of company stock worth $1,448,008,845 in the last ninety days. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chewy

Large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after acquiring an additional 905 shares during the period. Washington Trust Advisors Inc. raised its holdings in Chewy by 0.3% in the 3rd quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock worth $8,156,000 after purchasing an additional 923 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Chewy by 10.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock worth $308,000 after purchasing an additional 1,029 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Chewy during the 2nd quarter valued at about $33,000. Finally, D.A. Davidson & CO. increased its position in shares of Chewy by 5.0% during the third quarter. D.A. Davidson & CO. now owns 26,219 shares of the company’s stock valued at $768,000 after buying an additional 1,244 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.