Chewy (NYSE:CHWY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Chewy (NYSE:CHWY) has received an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $47.2105.

A number of equities analysts recently commented on CHWY shares. Citigroup reiterated a “market outperform” rating on shares of Chewy in a research report on Monday, November 24th. Wolfe Research set a $44.00 price objective on Chewy in a report on Monday, January 5th. UBS Group set a $51.00 target price on Chewy in a report on Tuesday, January 13th. Wedbush set a $42.00 price target on Chewy and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Thursday, December 11th.

Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the stock in a transaction 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 completion of the sale, the chief technology officer owned 273,835 shares of the company’s stock, valued at $7,938,476.65. This represents a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sumit Singh sold 40,789 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $33.73, for a total transaction of $1,375,812.97. Following the completion of the transaction, the chief executive officer owned 623,185 shares in the company, valued at $21,020,030.05. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,369 shares of company stock valued at $2,276,360 over the last quarter. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chewy

Several institutional investors and hedge funds have recently bought and sold shares of CHWY. Royal Bank of Canada increased its stake in shares of Chewy by 2.5% during the first quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock valued at $7,168,000 after buying an additional 5,466 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Chewy in the first quarter valued at $510,000. NewEdge Advisors LLC increased its position in Chewy by 5,238.3% during the 1st quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock valued at $1,057,000 after purchasing an additional 31,901 shares during the period. Goldman Sachs Group Inc. raised its holdings in Chewy by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after purchasing an additional 17,788 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Chewy by 31.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock worth $12,483,000 after purchasing an additional 92,129 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Trading Up 5.8%

Shares of NYSE CHWY opened at $28.10 on Monday. The stock’s 50-day moving average is $32.22 and its 200 day moving average is $35.34. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 58.54, a P/E/G ratio of 1.89 and a beta of 1.59. Chewy has a 1-year low of $26.34 and a 1-year high of $48.62.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, 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.