Morgan Stanley Lowers Chewy (NYSE:CHWY) Price Target to $49.00

Chewy (NYSE:CHWY) had its target price dropped by investment analysts at Morgan Stanley from $50.00 to $49.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 83.94% from the stock’s previous close.

Several other research analysts also recently issued reports on CHWY. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. Wall Street Zen upgraded Chewy from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Barclays dropped their price target on Chewy from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group reduced their price objective on Chewy from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.91.

Chewy Trading Down 1.3%

Shares of NYSE CHWY opened at $26.64 on Tuesday. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 51.23, a PEG ratio of 1.69 and a beta of 1.61. Chewy has a 52 week low of $22.74 and a 52 week high of $48.62. The company’s 50-day moving average price is $26.53 and its 200 day moving average price is $31.94.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) 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 analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The business’s revenue was up .5% on a year-over-year basis. As a group, research analysts expect that Chewy will post 0.24 earnings per share for the current year.

Insider Buying and Selling

In related news, 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 transaction of $377,246.87. Following the completion of the transaction, the chief technology officer 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.43% of the company’s stock.

Institutional Trading of Chewy

Institutional investors have recently made changes to their positions in the stock. Quent Capital LLC purchased a new position in shares of Chewy in the 3rd quarter worth $27,000. Osterweis Capital Management Inc. purchased a new stake in Chewy during the second quarter valued at about $30,000. CoreCap Advisors LLC increased its stake in Chewy by 306.3% during 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 last quarter. Los Angeles Capital Management LLC acquired a new stake in Chewy during the fourth quarter worth about $31,000. Finally, Harbour Investments Inc. raised its holdings in shares of Chewy by 81.4% in 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 period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Gross-margin improvement — Coverage highlights that Chewy’s gross margins are expanding thanks to a premium product mix, private-label growth and AI-driven efficiencies, which supports a sustainable profit-improvement story. Chewy’s Gross Margin Expands Again: Will the Momentum Last?
• Positive Sentiment: Broker support and upside levers — Morgan Stanley and other brokers point to multiple drivers (premium mix, private brands, operational levers) that could drive outperformance; MS trimmed its price target slightly but remains constructive. Chewy Faces Multiple Upside Levers That Could Support Outperformance, Morgan Stanley Says
• Positive Sentiment: Bullish price forecasts from some shops — Royal Bank of Canada and other outlets have issued bullish forecasts/price-appreciation commentary, adding pockets of supportive analyst demand. Royal Bank Of Canada Forecasts Strong Price Appreciation for Chewy
• Positive Sentiment: Reputation booster — Chewy was named to Newsweek’s “America’s Most Trustworthy Companies 2026,” which may support brand strength and customer loyalty over time. Whole Foods, DreamWorks Animation, Chewy are Named to Newsweek’s America’s Most Trustworthy Companies 2026
• Neutral Sentiment: Street is split — Analysts have trimmed assessed fair value modestly (example: a reset to ~$40.77) and are divided on growth vs. valuation, creating mixed signals for investors. How The Chewy (CHWY) Narrative Is Shifting As Analysts Split On Growth And Valuation
• Neutral Sentiment: Ratings steady but cautious — Jefferies reaffirmed a Hold after fiscal 2025 results; coverage generally ranges from Hold to Moderate Buy, reflecting cautious optimism. Chewy (CHWY) Maintains Hold Rating After Fiscal 2025 Results
• Negative Sentiment: Performance concerns and long-term uncertainty — Commentary notes Chewy’s stock has struggled and underperformed over recent years despite sales growth, raising questions about valuation and execution over the next 3–5 years. Chewy Stock Is Struggling Now — but Where Will It Be in 5 Years?

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.