Wedbush Has Lowered Expectations for Chewy (NYSE:CHWY) Stock Price

Chewy (NYSE:CHWY) had its target price decreased by research analysts at Wedbush from $42.00 to $36.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s price objective would suggest a potential upside of 31.67% from the stock’s current price.

CHWY has been the subject of several other reports. Piper Sandler reaffirmed an “overweight” rating on shares of Chewy in a research report on Thursday, February 5th. Wall Street Zen upgraded Chewy from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a research report on Wednesday, January 21st. Barclays cut their target price on Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Finally, TD Cowen upped their price target on Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.43.

Chewy Price Performance

CHWY stock traded up $0.77 during trading hours on Thursday, reaching $27.34. 1,469,846 shares of the stock were exchanged, compared to its average volume of 8,228,181. The firm’s 50-day moving average is $27.19 and its 200-day moving average is $32.34. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.59 and a beta of 1.60. Chewy has a 12 month low of $22.74 and a 12 month high of $48.62.

Insider Activity at Chewy

In other news, CTO Satish Mehta sold 13,013 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was 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 in the company, valued at $7,938,476.65. This trade represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CHWY. Royal Bank of Canada grew its stake 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Chewy during the 1st quarter worth approximately $510,000. NewEdge Advisors LLC boosted its holdings in shares of 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 buying an additional 31,901 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Chewy by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock valued at $38,236,000 after buying an additional 17,788 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Chewy by 31.6% in 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 buying an additional 92,129 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

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

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.