BNP Paribas Exane Reaffirms Neutral Rating for Chewy (NYSE:CHWY)

Chewy (NYSE:CHWY)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas Exane in a research report issued on Thursday,Benzinga reports. They presently have a $28.00 price target on the stock, down from their prior price target of $38.00. BNP Paribas Exane’s target price would indicate a potential upside of 5.62% from the company’s previous close.

Several other research analysts have also recently issued reports on CHWY. The Goldman Sachs Group increased their price target on Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Wolfe Research set a $44.00 price objective on shares of Chewy in a report on Monday, January 5th. Barclays decreased their target price on shares of Chewy from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a research note on Wednesday, January 21st. Finally, Morgan Stanley dropped their price target on shares of Chewy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 10th. Seventeen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.71.

Chewy Price Performance

CHWY opened at $26.51 on Thursday. The stock’s 50 day moving average price is $27.19 and its 200 day moving average price is $32.34. The stock has a market cap of $11.00 billion, a P/E ratio of 55.23, a P/E/G ratio of 1.59 and a beta of 1.60. Chewy has a 12 month low of $22.74 and a 12 month high of $48.62.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 13,013 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was 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 directly owned 273,835 shares of the company’s stock, valued at $7,938,476.65. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

A number of institutional investors and hedge funds have recently modified their holdings of CHWY. Royal Bank of Canada lifted its holdings in shares of Chewy by 2.5% during the first 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. purchased a new position in Chewy in the 1st quarter worth about $510,000. NewEdge Advisors LLC raised its holdings in Chewy by 5,238.3% during the 1st quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock worth $1,057,000 after buying an additional 31,901 shares during the period. Goldman Sachs Group Inc. raised its holdings in Chewy by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after buying an additional 17,788 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 valued at $12,483,000 after buying an additional 92,129 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Management gave a confident 2026 outlook and emphasized profitability expansion (adjusted EBITDA margin recovery roadmap), which lifted investor sentiment and helped drive the rally. Chewy Inc (CHWY) Climbs 13.3% on Upbeat Sales Outlook
• Positive Sentiment: Q4 results showed improving margins and materially higher free cash flow (Seeking Alpha highlights expanding EBITDA and a ~48% jump in FCF), supporting the thesis that Chewy can convert revenue growth into profitability. Chewy: Expanding Margin Profile
• Positive Sentiment: CEO Sumit Singh reiterated he’s “nothing but bullish” on 2026 and said consumer engagement remains strong despite inflation — management tone and the interview helped reassure investors about demand resiliency. Chewy CEO Sumit Singh on Q4 earnings: ‘Nothing but bullish’ on 2026
• Positive Sentiment: Investors also pointed to operational levers (Autoship, digital upgrades and AI-driven cost savings) that should lift margins over time — analyst/commentary pieces flagged AI and efficiency as catalysts for rising profits. Why Chewy Stock Rallied Today
• Neutral Sentiment: Heavy options activity (large call purchases) amplified intraday moves — this can accelerate rallies but is not a fundamentals change by itself. Chewy Sees Unusually Large Options Volume
• Neutral Sentiment: Q4 revenue was largely in line with estimates (some outlets report flat YoY sales) and one small EPS miss was reported versus one consensus dataset — results are mixed but the margin/FCF story dominated investor reaction. Chewy (CHWY) Q4 Earnings Miss Estimates
• Negative Sentiment: Insider selling and recent large institutional position reductions were highlighted in market commentary — ongoing insider/fund sell activity is a caution for some investors. Chewy jumps 15% as investors position for fiscal Q4 and full-year results
• Negative Sentiment: The stock had recently hit a 52-week low and some analysts framed the quarter as a “prove it” moment — the rally reflects renewed confidence but the business still faces macro and competitive pressures. Chewy stock hits 52‑week low as challenges persist

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.