Chewy (NYSE:CHWY) Trading Down 4.1% – Here’s Why

Chewy (NYSE:CHWY) was down 4.1% during mid-day trading on Wednesday . The stock traded as low as $25.37 and last traded at $25.75. Approximately 3,416,778 shares were traded during trading, a decline of 57% from the average daily volume of 7,935,234 shares. The stock had previously closed at $26.84.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CHWY shares. Mizuho reiterated an “outperform” rating and issued a $50.00 target price on shares of Chewy in a research report on Tuesday, November 4th. The Goldman Sachs Group lifted their price objective on shares of Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Raymond James Financial raised shares of Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Thursday, February 19th. UBS Group set a $51.00 price target on shares of Chewy in a report on Tuesday, January 13th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Chewy in a research report on Thursday, February 5th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.25.

Chewy Trading Down 5.1%

The stock has a 50-day simple moving average of $29.61 and a 200-day simple moving average of $34.05. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 53.06, a price-to-earnings-growth ratio of 1.82 and a beta of 1.60.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.10 billion. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, research analysts expect that Chewy will post 0.24 EPS for the current fiscal year.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total value 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 approximately $7,938,476.65. This represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in Chewy by 34.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after purchasing an additional 298 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Chewy by 4.0% during the third quarter. Park Avenue Securities LLC now owns 7,810 shares of the company’s stock worth $316,000 after purchasing an additional 302 shares during the period. Transatlantique Private Wealth LLC raised its position in shares of Chewy by 3.0% during the third quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock worth $442,000 after purchasing an additional 314 shares during the period. National Bank of Canada FI lifted its holdings in shares of Chewy by 12.5% during the third quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock valued at $118,000 after purchasing an additional 324 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its position in shares of Chewy by 6.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $215,000 after purchasing an additional 330 shares during the period. Institutional investors own 93.09% of the company’s stock.

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.