Chewy (NYSE:CHWY) Shares Down 4.1% – What’s Next?

Chewy (NYSE:CHWY)’s share price fell 4.1% on Wednesday . The company traded as low as $25.37 and last traded at $25.75. 3,416,778 shares changed hands during trading, a decline of 57% from the average session volume of 7,935,234 shares. The stock had previously closed at $26.84.

Analyst Upgrades and Downgrades

CHWY has been the subject of a number of recent analyst reports. Barclays upped their target price on Chewy from $47.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. TD Cowen restated a “buy” rating on shares of Chewy in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chewy in a report on Wednesday, January 21st. Wedbush set a $42.00 price objective on Chewy and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Finally, Morgan Stanley increased their target price on Chewy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.25.

Chewy Stock Performance

The company’s fifty day moving average is $29.61 and its two-hundred day moving average is $34.05. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 53.06, a price-to-earnings-growth ratio of 1.82 and a beta of 1.60.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the company posted $0.20 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, analysts forecast that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chewy

Institutional investors and hedge funds have recently made changes to their positions in the business. Quent Capital LLC acquired a new stake in Chewy in the third quarter valued at $27,000. Osterweis Capital Management Inc. bought a new stake in shares of Chewy in the 2nd quarter worth about $30,000. CoreCap Advisors LLC increased its position in shares of Chewy by 306.3% in the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after purchasing an additional 637 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Chewy in the 4th quarter valued at about $31,000. Finally, Harbour Investments Inc. lifted its position in shares of Chewy by 81.4% during the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after purchasing an additional 407 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

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.