Chewy (NYSE:CHWY) Price Target Cut to $24.00 by Analysts at Rosenblatt Securities

Chewy (NYSE:CHWY) had its price target cut by Rosenblatt Securities from $25.00 to $24.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 16.87% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings upgraded Chewy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Bank of America reduced their price target on Chewy from $33.00 to $31.00 in a report on Thursday, June 11th. Morgan Stanley decreased their price target on Chewy from $42.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 26th. Mizuho dropped their price objective on Chewy from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Friday, September 4th. Finally, TD Cowen reiterated a “buy” rating on shares of Chewy in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.32.

Chewy Stock Performance

Shares of CHWY opened at $20.54 on Thursday. The stock has a market capitalization of $8.41 billion, a P/E ratio of 34.23, a P/E/G ratio of 0.93 and a beta of 1.42. Chewy has a 1 year low of $17.40 and a 1 year high of $40.55. The company’s fifty day moving average is $22.44 and its two-hundred day moving average is $23.13.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, September 9th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.18. Chewy had a net margin of 1.99% and a return on equity of 60.02%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that Chewy will post 0.8 EPS for the current year.

Insider Buying and Selling at Chewy

In other news, General Counsel Da-Wai Hu sold 4,203 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $19.49, for a total value of $81,916.47. Following the sale, the general counsel directly owned 4,103 shares in the company, valued at $79,967.47. This represents a 50.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Chewy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in Chewy by 295.9% in the 3rd quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock valued at $712,841,000 after purchasing an additional 13,171,325 shares during the last quarter. Viking Global Investors LP boosted its stake in shares of Chewy by 146.9% during 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 grew its holdings in shares of Chewy by 10.0% during the fourth quarter. AQR Capital Management LLC now owns 11,218,840 shares of the company’s stock worth $370,558,000 after buying an additional 1,022,694 shares in the last quarter. Morgan Stanley grew its holdings in shares of Chewy by 33.8% during the fourth quarter. Morgan Stanley now owns 7,660,258 shares of the company’s stock worth $253,172,000 after buying an additional 1,937,014 shares in the last quarter. Finally, State Street Corp raised its position in shares of Chewy by 3.0% in the fourth quarter. State Street Corp now owns 6,655,547 shares of the company’s stock valued at $219,966,000 after buying an additional 193,947 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Trending Headlines about Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy reported second-quarter revenue of $3.33 billion, up 7.3% year over year and slightly ahead of the $3.32 billion consensus estimate. Adjusted EPS of $0.36 also exceeded the cited $0.18 consensus, while net income rose to $80.5 million from $62 million a year earlier. Chewy Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its full-year outlook, projecting fiscal 2026 revenue of $13.5 billion to $13.6 billion versus consensus of $12.8 billion. Third-quarter revenue guidance of $3.3 billion to $3.4 billion was broadly in line with expectations. Adjusted EBITDA margin reached 6.8%.
• Positive Sentiment: Autoship sales increased to approximately $2.8 billion, representing 84.6% of quarterly revenue, and active customers rose 3.8% to 21.7 million. Management also highlighted AI-related efficiency initiatives and growth in higher-margin services. Chewy Q2 2026 Earnings Call Transcript
• Neutral Sentiment: TD Cowen and Bank of America reaffirmed Buy ratings, but reduced their price targets to $32 and $27, respectively, reflecting disciplined investment, margin considerations and a shift toward services. Chewy analyst rating update
• Negative Sentiment: The main catalyst for the selloff was a free-cash-flow shortfall, compounded by concerns about lower liquidity following acquisition-related cash usage. Gross margin remained flat at 30.4%, while consumers continued to limit discretionary spending on pet treats and other products. Chewy free cash flow report
• Negative Sentiment: Investors viewed the earnings beat as largely in line rather than a major upside surprise, and recent disclosures show open-market insider activity consisting of sales rather than purchases.

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.