Chewy (NYSE:CHWY) Price Target Lowered to $34.00 at TD Cowen

Chewy (NYSE:CHWY) had its price objective cut by research analysts at TD Cowen from $42.00 to $34.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective would indicate a potential upside of 78.83% from the stock’s current price.

CHWY has been the topic of several other reports. Citigroup reissued a “market outperform” rating on shares of Chewy in a research note on Thursday. Moffett Nathanson set a $28.00 price target on Chewy in a research note on Thursday. BNP Paribas Exane reissued a “neutral” rating and issued a $28.00 price target (down from $38.00) on shares of Chewy in a research note on Thursday, March 26th. Citizens Jmp dropped their price target on Chewy from $45.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Thursday. Finally, Morgan Stanley dropped their price target on Chewy from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.14.

Chewy Stock Performance

Shares of NYSE:CHWY traded down $0.97 during midday trading on Thursday, hitting $19.01. 4,604,607 shares of the stock were exchanged, compared to its average volume of 8,438,803. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 36.49, a P/E/G ratio of 0.91 and a beta of 1.44. The business’s 50-day moving average price is $23.80 and its 200 day moving average price is $27.62. Chewy has a 12 month low of $18.38 and a 12 month high of $43.84.

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

Insider Buying and Selling at Chewy

In related news, General Counsel Da-Wai Hu sold 8,149 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total transaction of $219,289.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumit Singh sold 4,220 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $108,032.00. Following the sale, the chief executive officer owned 123,955 shares of the company’s stock, valued at $3,173,248. This trade represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold 95,675 shares of company stock valued at $2,459,955 in the last quarter. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Osterweis Capital Management Inc. bought a new position in shares of Chewy during the 2nd quarter worth $30,000. CoreCap Advisors LLC grew its stake in shares of Chewy by 306.3% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 637 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Chewy during the 4th quarter worth $31,000. Harbour Investments Inc. grew its stake in shares of Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after acquiring an additional 407 shares during the period. Finally, Modus Advisors LLC bought a new position in shares of Chewy during the 4th quarter worth $34,000. Institutional investors own 93.09% of the company’s stock.

Chewy News Roundup

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy delivered strong Q1 results, with revenue growth and adjusted EPS topping or matching estimates, while margins improved and profitability remained robust.
• Positive Sentiment: Several analysts maintained bullish ratings despite trimming targets, signaling continued confidence in Chewy’s longer-term business model and valuation. Article Title
• Neutral Sentiment: Management reiterated focus on margin discipline, clinics, health, and AI initiatives, which could support future growth but do not offset the softer near-term revenue outlook.
• Negative Sentiment: Chewy lowered its fiscal 2026 sales outlook, reinforcing concerns that consumers are becoming more selective on discretionary pet spending.
• Negative Sentiment: Wall Street broadly cut price targets following the report, reflecting caution around growth expectations and the company’s current operating environment.

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.