Chewy (NYSE:CHWY) Price Target Lowered to $45.00 at Citizens Jmp

Chewy (NYSE:CHWY) had its price target reduced by equities researchers at Citizens Jmp from $48.00 to $45.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective indicates a potential upside of 68.91% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Wolfe Research set a $44.00 price objective on shares of Chewy in a research note on Monday, January 5th. Wedbush set a $42.00 price target on shares of Chewy and gave the company an “outperform” rating in a report on Wednesday, December 10th. Barclays cut their price target on Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Raymond James Financial upgraded Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Thursday, February 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a report on Wednesday, January 21st. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.57.

Chewy Trading Up 13.6%

CHWY opened at $26.64 on Thursday. Chewy has a 12-month low of $22.74 and a 12-month high of $48.62. The firm has a market capitalization of $11.06 billion, a PE ratio of 55.50, a P/E/G ratio of 1.59 and a beta of 1.60. The firm has a 50 day moving average of $27.19 and a two-hundred day moving average of $32.34.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction 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 transaction, the chief technology officer owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

Several hedge funds have recently modified their holdings of CHWY. Royal Bank of Canada grew its holdings in Chewy by 2.5% in 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Chewy during the 1st quarter valued at approximately $510,000. NewEdge Advisors LLC grew its stake in Chewy by 5,238.3% in the 1st quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock valued at $1,057,000 after acquiring an additional 31,901 shares during the period. Goldman Sachs Group Inc. increased its holdings in Chewy by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after acquiring an additional 17,788 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Chewy by 31.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock worth $12,483,000 after acquiring an additional 92,129 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

More Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Company guidance and AI-driven cost savings: Chewy guided 2026 net sales to as much as $13.60–$13.75B and flagged AI-related cost savings and vet-care expansion as drivers of margin upside — a main reason the stock jumped. Chewy (CHWY) Stock Soars 13% on Strong 2026 Revenue Outlook and AI Cost Savings
• Positive Sentiment: Q4 results and profitability momentum: Chewy reported Q4 revenue near expectations, higher profitability metrics and improving free cash flow/EBITDA margins — these fundamentals supported the rally and lifted investor sentiment. Chewy Stock Surges On Strong Q4 Results And Guidance
• Positive Sentiment: Management tone and media coverage: CEO Sumit Singh’s bullish interview and company commentary that pet ownership trends remain resilient helped strengthen conviction around the outlook. Chewy CEO: Consumers are ‘highly engaged’ even as inflation squeezes budgets
• Neutral Sentiment: Analyst reactions mixed: Some firms (e.g., TD Cowen, Citigroup) remain constructive, while others reiterated Hold/Neutral ratings — Needham reiterated a Hold today. These notes temper enthusiasm but don’t negate the positive reaction. Chewy: Solid Execution and Margin Upside… Needham Hold
• Neutral Sentiment: Unusually large options and buy-side positioning: Heavy call-option activity and institutional repositioning amplified the move around earnings day, which can increase intraday volatility. Chewy jumps 15% as investors position for fiscal Q4 and full-year results
• Negative Sentiment: Analyst price‑target cut and Hold reiterations: BNP Paribas Exane reaffirmed Neutral and cut its PT to $28 (from $38), signaling skepticism on upside from current levels despite the guidance. BNP Paribas Exane Cuts Price Target
• Negative Sentiment: Insider selling and recent 52-week lows: Recent insider sales and the stock’s earlier slide to new 52‑week lows highlight lingering investor caution and execution risk if macro or competitive pressure reappears. Chewy stock hits 52-week low

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.