The Goldman Sachs Group Has Lowered Expectations for Chewy (NYSE:CHWY) Stock Price

Chewy (NYSE:CHWY) had its price target reduced by The Goldman Sachs Group from $52.00 to $46.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 75.66% from the stock’s previous close.

CHWY has been the topic of a number of other reports. Piper Sandler reaffirmed an “overweight” rating on shares of Chewy in a research note on Thursday, February 5th. BNP Paribas Exane restated a “neutral” rating and set a $28.00 price target (down from $38.00) on shares of Chewy in a report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. Barclays decreased their price objective on Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Finally, TD Cowen increased their price objective on Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.81.

Chewy Stock Down 3.0%

Shares of CHWY opened at $26.19 on Thursday. Chewy has a 52-week low of $22.74 and a 52-week high of $48.62. The company has a market capitalization of $10.87 billion, a PE ratio of 50.36, a price-to-earnings-growth ratio of 1.83 and a beta of 1.60. The stock 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 announced 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 analyst estimates of $3.26 billion. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Chewy

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

Hedge Funds Weigh In On Chewy

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Chewy by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock worth $658,367,000 after purchasing an additional 1,017,214 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Chewy by 295.9% in the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock valued at $712,841,000 after purchasing an additional 13,171,325 shares in the last quarter. Viking Global Investors LP increased its stake in Chewy by 146.9% during the 4th quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock worth $447,386,000 after buying an additional 8,052,955 shares during the period. AQR Capital Management LLC lifted its holdings in Chewy by 10.0% during the 4th quarter. AQR Capital Management LLC now owns 11,218,840 shares of the company’s stock worth $370,558,000 after buying an additional 1,022,694 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Chewy by 33.8% during the 4th quarter. Morgan Stanley now owns 7,660,258 shares of the company’s stock worth $253,172,000 after buying an additional 1,937,014 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

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

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.