JPMorgan Chase & Co. Cuts Chewy (NYSE:CHWY) Price Target to $40.00

Chewy (NYSE:CHWY) had its target price lowered by JPMorgan Chase & Co. from $46.00 to $40.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on CHWY. Barclays lowered their price objective on Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Morgan Stanley lowered their price target on shares of Chewy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 10th. Wedbush cut their price objective on shares of Chewy from $42.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday. Wolfe Research set a $44.00 target price on shares of Chewy in a research report on Monday, January 5th. Finally, TD Cowen lifted their price target on shares of Chewy from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.81.

Chewy Stock Down 3.0%

Shares of NYSE:CHWY opened at $26.19 on Thursday. Chewy has a 12-month low of $22.74 and a 12-month high of $48.62. The business has a 50 day moving average of $26.92 and a 200-day moving average of $32.13. The stock has a market cap of $10.87 billion, a PE ratio of 50.36, a P/E/G ratio of 1.77 and a beta of 1.60.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.26 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.Chewy’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Equities research analysts expect that Chewy will post 0.24 earnings per share for the current year.

Insider Activity at Chewy

In related news, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the completion of the sale, the chief technology officer directly owned 273,835 shares in the company, valued at $7,938,476.65. This represents a 4.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quent Capital LLC acquired a new position in Chewy during the third quarter worth about $27,000. CoreCap Advisors LLC lifted its holdings in shares of Chewy by 306.3% in the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 637 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Chewy by 81.4% in 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 in the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy in the 2nd quarter valued at approximately $30,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Chewy during the 4th quarter valued at approximately $31,000. 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: Management issued optimistic FY guidance and highlighted margin/FCF gains and revenue resilience — the earnings call and company presentation emphasized autoship strength, adjusted EBITDA growth and a constructive earnings outlook that drove buying interest. Chewy, Inc. Q4 2026 Earnings Call Summary
• Positive Sentiment: Autoship and customer metrics look sticky — autoship accounts for the bulk of net sales and Chewy reported active‑customer growth and higher sales per active user, which supports recurring revenue visibility and justify premium multiple expansion if execution continues. Chewy Gobbles up Market Share in 2026: Poised to Advance in Q2
• Positive Sentiment: AI-driven efficiency and Chewy Vet Care expansion are framed as near‑term margin levers — analysts and coverage pieces call out expected cost savings from AI initiatives and revenue/margin upside from the company’s vet services push. Chewy Posts Solid Q4, Indicates AI-Related Efficiency Benefits Ahead
• Neutral Sentiment: Analysts remain constructive but have trimmed price targets — several banks reaffirmed buy/overweight ratings while cutting targets after Q4, leaving a mixed consensus (many still show significant upside from current levels). These Analysts Cut Their Forecasts On Chewy Following Q4 Results
• Negative Sentiment: Institutional ownership and sentiment pose downside risk — MarketBeat flags that institutions own a very large share and were sellers earlier in the quarter; continued selling could cap near‑term upside despite positive fundamentals. Chewy Gobbles up Market Share in 2026: Poised to Advance in Q2
• Negative Sentiment: Some headlines noted mixed earnings details — while revenue and cash‑flow beats and guidance impressed, EPS and certain adjusted metrics produced mixed comparisons to Street expectations, which leaves execution risk if margins or growth slow. CHWY Stock Up 13% Following Solid Q4 Performance Despite Earnings Miss

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.