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

Chewy (NYSE:CHWY) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $46.00 to $40.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 52.75% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Guggenheim reaffirmed a “buy” rating and issued a $45.00 target price on shares of Chewy in a research report on Thursday. The Goldman Sachs Group dropped their target price on Chewy from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a research report on Wednesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Chewy in a report on Thursday, December 11th. Finally, Morgan Stanley lowered their price objective on shares of Chewy from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, March 10th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Chewy has a consensus rating of “Moderate Buy” and an average target price of $43.81.

Chewy Trading Down 3.0%

Shares of CHWY stock opened at $26.19 on Thursday. The company has a market cap of $10.87 billion, a PE ratio of 50.36, a P/E/G ratio of 1.83 and a beta of 1.60. The company’s fifty day simple moving average is $26.92 and its 200-day simple moving average is $32.20. Chewy has a 52 week low of $22.74 and a 52 week high of $48.62.

Chewy (NYSE:CHWY) last announced its quarterly 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). Chewy had a return on equity of 53.48% and a net margin of 1.77%.The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts expect that Chewy will post 0.24 EPS for the current fiscal year.

Insider Activity

In related news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total value of $377,246.87. Following the transaction, the chief technology officer owned 273,835 shares in the company, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

A number of hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC raised its position in shares of Chewy by 685.2% in the 4th quarter. Hsbc Holdings PLC now owns 89,204 shares of the company’s stock valued at $2,956,000 after purchasing an additional 77,843 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Chewy by 17.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 14,054 shares of the company’s stock worth $464,000 after buying an additional 2,111 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Chewy during the fourth quarter worth approximately $333,000. Keenan LLC bought a new stake in shares of Chewy in the fourth quarter worth $440,000. Finally, Wick Capital Partners LLC bought a new stake in shares of Chewy in the fourth quarter worth $237,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Trending Headlines about Chewy

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.