Royal Bank Of Canada Has Lowered Expectations for Chewy (NYSE:CHWY) Stock Price

Chewy (NYSE:CHWY) had its price objective dropped by research analysts at Royal Bank Of Canada from $47.00 to $34.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 78.83% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. Mizuho reduced their price objective on Chewy from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Wall Street Zen downgraded Chewy from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. TD Cowen boosted their price objective on Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Moffett Nathanson set a $28.00 price objective on Chewy in a research report on Thursday. Finally, Bank of America cut their target price on Chewy from $33.00 to $31.00 in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.14.

Chewy Stock Down 4.8%

CHWY stock traded down $0.97 during midday trading on Thursday, reaching $19.01. The company had a trading volume of 4,604,607 shares, compared to its average volume of 8,438,803. The stock has a 50 day moving average price of $23.80 and a 200 day moving average price of $27.62. Chewy has a fifty-two week low of $18.38 and a fifty-two week high of $43.84. The firm has a market capitalization of $7.92 billion, a PE ratio of 36.49, a P/E/G ratio of 0.91 and a beta of 1.44.

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

Insider Buying and Selling at Chewy

In other 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 value of $219,289.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumit Singh sold 4,220 shares of the stock in a transaction on Monday, May 4th. The shares were 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 disclosure for this sale is available in the SEC filing. 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. In the last 90 days, insiders sold 95,675 shares of company stock valued at $2,459,955. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Chewy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. acquired a new stake in Chewy during the 2nd quarter valued at $30,000. CoreCap Advisors LLC raised its stake in Chewy by 306.3% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 637 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Chewy during the 4th quarter valued at $31,000. Harbour Investments Inc. raised its stake in Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after purchasing an additional 407 shares during the period. Finally, Modus Advisors LLC acquired a new stake in Chewy during the 4th quarter valued at $34,000. Institutional investors and hedge funds 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.