Bank of America Cuts Chewy (NYSE:CHWY) Price Target to $31.00

Chewy (NYSE:CHWY) had its target price reduced by Bank of America from $33.00 to $31.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. Bank of America‘s price objective would suggest a potential upside of 64.56% from the stock’s previous close.

Other analysts have also issued reports about the stock. TD Cowen upped their price objective on shares of Chewy from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $28.00 target price (down from $38.00) on shares of Chewy in a research report on Thursday, March 26th. Wedbush lowered their target price on Chewy from $42.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a $23.00 price objective on shares of Chewy in a research report on Thursday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.86.

Chewy Trading Down 5.7%

NYSE:CHWY opened at $18.84 on Thursday. The company has a 50-day moving average of $23.80 and a 200-day moving average of $27.62. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 0.91 and a beta of 1.44. Chewy has a twelve month low of $19.08 and a twelve month high of $43.84.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, June 10th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.19. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. On average, research analysts forecast that Chewy will post 0.87 earnings per share for the current year.

Insider Activity at Chewy

In related news, General Counsel Da-Wai Hu sold 8,149 shares of Chewy stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sumit Singh sold 4,220 shares of Chewy stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $108,032.00. Following the completion of the transaction, the chief executive officer owned 123,955 shares in the company, valued at $3,173,248. The trade was a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 95,675 shares of company stock valued at $2,459,955. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Chewy

Hedge funds have recently bought and sold shares of the stock. Osterweis Capital Management Inc. bought a new position in shares of Chewy during the 2nd quarter worth about $30,000. CoreCap Advisors LLC raised its holdings in shares of Chewy by 306.3% in the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after buying an additional 637 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Chewy in the 4th quarter valued at $31,000. Harbour Investments Inc. grew its holdings in shares of Chewy by 81.4% in 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. Finally, Modus Advisors LLC acquired a new stake in shares of Chewy during the fourth quarter worth approximately $34,000. 93.09% of the stock is owned by institutional investors.

Chewy News Roundup

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy reported Q1 net sales of $3.36 billion, up 7.7% year over year, with adjusted EPS of $0.43 topping expectations and gross margin expanding to 30.1%, showing the business remains profitable and resilient.
• Positive Sentiment: Several analysts stayed constructive, including William Blair, J.P. Morgan, Raymond James, and Evercore, citing margin discipline, cash flow, and long-term growth drivers. Article Title
• Neutral Sentiment: Chewy outlined fiscal 2026 net sales of $13.40 billion to $13.55 billion and said it is targeting net leverage below 2x adjusted EBITDA, reinforcing a focus on balance-sheet discipline. Article Title
• Neutral Sentiment: Robert W. Baird lowered its price target to $30 from $40 while keeping an outperform rating, and Needham reiterated a Hold, reflecting a mixed but not uniformly bearish analyst response. Article Title
• Negative Sentiment: Management cut its full-year sales forecast and flagged a more cautious consumer environment, which is the main reason investors are selling the stock despite the earnings beat.
• Negative Sentiment: Commentary around the report also noted macroeconomic pressure and growth concerns, with shares hitting 52-week lows as Wall Street worries about demand for discretionary pet spending. Article Title

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.