Chewy (NYSE:CHWY) Receives Hold Rating from Needham & Company LLC

Chewy (NYSE:CHWY)‘s stock had its “hold” rating reissued by research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports.

Several other research firms also recently weighed in on CHWY. Moffett Nathanson downgraded shares of Chewy from a “buy” rating to a “neutral” rating in a report on Wednesday. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $28.00 price objective (down from $38.00) on shares of Chewy in a report on Thursday, March 26th. Argus raised shares of Chewy to a “strong-buy” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of Chewy from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, June 2nd. Finally, Barclays reduced their price objective on shares of Chewy from $48.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.91.

Chewy Stock Down 1.8%

CHWY stock opened at $20.03 on Thursday. The company has a market capitalization of $8.35 billion, a P/E ratio of 38.52, a PEG ratio of 0.91 and a beta of 1.44. The company has a 50-day simple moving average of $23.80 and a 200 day simple moving average of $27.62. Chewy has a fifty-two week low of $19.08 and a fifty-two week high of $43.84.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, June 10th. The company reported $0.43 earnings per share 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 net margin of 1.77% and a return on equity of 53.48%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. Equities analysts anticipate that Chewy will post 0.87 EPS for the current year.

Insider Activity

In related news, CEO Sumit Singh sold 83,306 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the completion of the transaction, the chief executive officer owned 874,061 shares of the company’s stock, valued at $22,375,961.60. This trade represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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. Also, General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The SEC filing for this sale provides additional information. Insiders have sold 95,675 shares of company stock valued at $2,459,955 in the last ninety days. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CoreCap Advisors LLC boosted its stake in Chewy by 306.3% during the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 637 shares in the last quarter. Harbour Investments Inc. boosted its stake in Chewy by 81.4% during the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after buying an additional 407 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in shares of Chewy during the second quarter valued at $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Chewy during the fourth quarter valued at $31,000. Finally, Modus Advisors LLC purchased a new stake in shares of Chewy during the fourth quarter valued at $34,000. Institutional investors own 93.09% of the company’s stock.

Key Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy posted Q1 net sales of $3.36 billion, up 7.7% year over year, and adjusted EPS of $0.43, topping estimates and reinforcing that the core business is still growing. Chewy Announces First Quarter 2026 Financial Results
• Positive Sentiment: Profitability improved, with gross margin rising to 30.1% and management signaling continued discipline on margins and free cash flow, which supports the long-term investment case. Chewy Inc (CHWY) Q1 2026 Earnings Call Highlights
• Positive Sentiment: Several analysts stayed bullish after the report, saying the results were better than feared and pointing to margin discipline and longer-term growth drivers such as veterinary services, clinics, health offerings, and AI initiatives. Chewy Maintains Buy Rating as Stronger‑Than‑Feared Results and Prudent Guidance Underscore Earnings Confidence
• Neutral Sentiment: Chewy is still expanding into higher-margin adjacent businesses, but those initiatives are early and not yet enough to offset near-term concerns about consumer pressure. CHWY Q1 Earnings Call Flags Softer Consumer Spending
• Negative Sentiment: Management trimmed full-year sales guidance, citing softer pet-related spending and a more cautious U.S. consumer, which is weighing on sentiment despite the earnings beat. Chewy Cuts FY Outlook Despite Higher Sales, Profit
• Negative Sentiment: The lowered revenue outlook and mixed analyst reaction suggest investors are worried growth may slow from here, especially after the stock’s sharp run-up in expectations ahead of earnings. Analyst Maintains Hold on Chewy Amid Macro Headwinds, Strategic Concerns, and Vet Services Expansion Upside

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.