Chewy (NYSE:CHWY) Receives $46.05 Average Target Price from Analysts

Shares of Chewy (NYSE:CHWY) have earned an average rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $46.05.

Several research analysts recently commented on CHWY shares. 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. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. Piper Sandler reissued an “overweight” rating on shares of Chewy in a research report on Thursday, February 5th. The Goldman Sachs Group raised their target price on shares of Chewy from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chewy in a report on Wednesday, January 21st.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the transaction, the chief technology officer owned 273,835 shares in the company, valued at $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chewy

Large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in Chewy by 2.5% during the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock worth $7,168,000 after acquiring an additional 5,466 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Chewy in the 1st quarter worth approximately $510,000. NewEdge Advisors LLC grew its position in Chewy by 5,238.3% in the first 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Chewy by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock valued at $38,236,000 after purchasing an additional 17,788 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Chewy by 31.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock valued at $12,483,000 after purchasing an additional 92,129 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Trading Down 2.3%

CHWY stock opened at $25.46 on Friday. The stock has a 50-day moving average price of $29.22 and a two-hundred day moving average price of $33.73. Chewy has a 12-month low of $23.06 and a 12-month high of $48.62. The company has a market cap of $10.57 billion, a PE ratio of 53.04, a price-to-earnings-growth ratio of 1.71 and a beta of 1.60.

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

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.