BNP Paribas Exane Reiterates Neutral Rating for Chewy (NYSE:CHWY)

Chewy (NYSE:CHWY)‘s stock had its “neutral” rating reissued by research analysts at BNP Paribas Exane in a research note issued on Thursday,Benzinga reports. They currently have a $28.00 price objective on the stock, down from their prior price objective of $38.00. BNP Paribas Exane’s price target points to a potential upside of 6.92% from the stock’s current price.

A number of other analysts have also recently issued reports on CHWY. UBS Group set a $51.00 price objective on shares of Chewy in a research note on Tuesday, January 13th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a report on Wednesday, January 21st. TD Cowen cut their price objective on Chewy from $48.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Wedbush set a $42.00 target price on Chewy and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.81.

Chewy Stock Down 3.0%

Shares of CHWY opened at $26.19 on Thursday. The stock has a market capitalization of $10.87 billion, a P/E ratio of 50.36, a PEG ratio of 1.83 and a beta of 1.60. Chewy has a twelve month low of $22.74 and a twelve month high of $48.62. The firm has a fifty day simple moving average of $26.92 and a two-hundred day simple moving average of $32.20.

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

Insider Buying and Selling at Chewy

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

Hedge Funds Weigh In On Chewy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new stake in Chewy during the 3rd quarter worth approximately $27,000. CoreCap Advisors LLC boosted its holdings in shares of Chewy by 306.3% during 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. Harbour Investments Inc. boosted its holdings in shares of Chewy by 81.4% during the 4th 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. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy in the second quarter valued at approximately $30,000. Finally, Los Angeles Capital Management LLC purchased a new position in Chewy during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

More 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

Chewy Company Profile

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.