Chewy’s (CHWY) Market Outperform Rating Reiterated at Citizens Jmp

Citizens Jmp restated their market outperform rating on shares of Chewy (NYSE:CHWY) in a report published on Thursday morning,Benzinga reports. Citizens Jmp currently has a $28.00 target price on the stock.

A number of other brokerages have also issued reports on CHWY. Jefferies Financial Group reiterated a “hold” rating and set a $23.00 price target on shares of Chewy in a research note on Thursday, June 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $34.00 price objective on shares of Chewy in a research report on Wednesday, August 26th. Rosenblatt Securities lowered their price objective on Chewy from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday. Mizuho dropped their target price on Chewy from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. Finally, Wolfe Research reissued an “outperform” rating and set a $27.00 target price on shares of Chewy in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.64.

Chewy Stock Performance

NYSE:CHWY opened at $20.33 on Thursday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.35. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.42. The firm’s fifty day moving average price is $22.43 and its 200 day moving average price is $23.07. Chewy has a 1-year low of $17.40 and a 1-year high of $40.55.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. Chewy had a net margin of 2.09% and a return on equity of 60.88%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. Chewy’s quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that Chewy will post 0.8 EPS for the current year.

Insider Buying and Selling

In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the sale, the general counsel directly owned 4,103 shares in the company, valued at approximately $79,967.47. The trade was a 50.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of Chewy by 295.9% in the third 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 in the last quarter. Viking Global Investors LP increased 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 in the last quarter. AQR Capital Management LLC increased its stake in shares of Chewy by 120.2% during the 3rd quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock worth $407,948,000 after purchasing an additional 5,564,803 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Chewy by 1,828.1% during the 2nd quarter. California State Teachers Retirement System now owns 5,042,544 shares of the company’s stock worth $99,086,000 after purchasing an additional 4,781,020 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Chewy during the 4th quarter worth approximately $154,647,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Key Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy reported second-quarter revenue of $3.33 billion, up approximately 7.3% year over year, while adjusted earnings of $0.36 per share exceeded the consensus estimate of $0.18. Management also raised its fiscal 2026 outlook. CHWY Q2 Earnings Meet Estimates, Sales Beat on Customer Growth
• Positive Sentiment: Autoship sales reached about $2.8 billion, supported by customer growth and stable demand for essential pet products. Cost discipline and AI-related efficiencies are also helping profitability. Chewy Q2 Earnings Call Highlights Stable Demand and Higher Outlook
• Positive Sentiment: Chewy’s Autoship subscription model and expansion into veterinary care, including its health-platform strategy, could create more recurring revenue and diversify the company beyond pet food and supplies. Chewy Is Building a Recurring Revenue Moat

Chewy Company Profile

Chewy, Inc is an e-commerce company focused on pet products and services. Through its website and mobile applications, the company sells pet food, treats, supplies, toys, bedding, medications, and other products for dogs, cats, fish, birds, reptiles, and small pets.

Chewy supports recurring purchases through its Autoship program and provides access to prescription and over-the-counter pet medications through Chewy Pharmacy. The company also offers pet health-related services, including veterinary consultations in certain markets, and sells products under a range of national and private-label brands.