Chewy (NYSE:CHWY) Raised to Buy at Wall Street Zen

Chewy (NYSE:CHWY) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other brokerages have also weighed in on CHWY. Mizuho reiterated an “outperform” rating and set a $50.00 price objective on shares of Chewy in a report on Tuesday, November 4th. TD Cowen reaffirmed a “buy” rating on shares of Chewy in a research note on Thursday, December 4th. The Goldman Sachs Group increased their price target on Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Piper Sandler restated an “overweight” rating on shares of Chewy in a report on Thursday, February 5th. Finally, Wolfe Research set a $44.00 target price on Chewy in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.21.

Chewy Stock Performance

Shares of CHWY opened at $24.24 on Friday. The firm has a market cap of $10.06 billion, a PE ratio of 50.50, a price-to-earnings-growth ratio of 1.64 and a beta of 1.59. Chewy has a 52-week low of $24.01 and a 52-week high of $48.62. The business’s 50 day moving average price is $31.42 and its two-hundred day moving average price is $34.98.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. Chewy’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Research analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 40,789 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $33.73, for a total value of $1,375,812.97. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were 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 directly owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. This represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 69,369 shares of company stock worth $2,276,360. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

Several large investors have recently made changes to their positions in the business. Quent Capital LLC bought a new stake in shares of Chewy during the 3rd quarter worth $27,000. CoreCap Advisors LLC raised its position in 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 period. Harbour Investments Inc. boosted its stake in Chewy by 81.4% in the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after acquiring an additional 407 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Chewy during the 2nd quarter valued at approximately $30,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Chewy during the 4th quarter worth approximately $31,000. 93.09% of the stock is 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.