Wedbush Lowers Chewy (NYSE:CHWY) Price Target to $36.00

Chewy (NYSE:CHWY) had its price target lowered by research analysts at Wedbush from $42.00 to $36.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price objective points to a potential upside of 37.47% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. The Goldman Sachs Group lifted their price objective on shares of Chewy from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Morgan Stanley dropped their target price 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. Barclays cut their target price on shares of Chewy from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Finally, Guggenheim reiterated a “buy” rating and issued a $45.00 price target on shares of Chewy in a report on Thursday. Seventeen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and a consensus target price of $43.81.

Chewy Stock Down 3.0%

NYSE:CHWY opened at $26.19 on Thursday. The business’s 50-day simple moving average is $26.92 and its two-hundred day simple moving average is $32.20. The stock 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. 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 data on Wednesday, March 25th. The company reported $0.09 EPS 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 business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Chewy’s revenue was up .5% on a year-over-year basis. Sell-side analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at Chewy

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 transaction, the chief technology officer owned 273,835 shares in the company, valued at $7,938,476.65. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is currently owned by insiders.

Institutional Trading of Chewy

Several hedge funds have recently made changes to their positions in CHWY. Quent Capital LLC bought a new stake in shares of Chewy during the 3rd quarter worth approximately $27,000. Osterweis Capital Management Inc. bought a new position in Chewy in the 2nd quarter valued at $30,000. CoreCap Advisors LLC increased its stake 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 purchasing an additional 637 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Chewy in the fourth quarter worth $31,000. Finally, Harbour Investments Inc. lifted its position in shares of Chewy by 81.4% during the fourth 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. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

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

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.