TD Cowen Increases Chewy (NYSE:CHWY) Price Target to $42.00

Chewy (NYSE:CHWY) had its price objective lifted by equities researchers at TD Cowen from $39.00 to $42.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 60.38% from the company’s current price.

Several other equities research analysts have also issued reports on the company. Wedbush set a $42.00 target price on Chewy and gave the company an “outperform” rating in a research report on Wednesday, December 10th. Piper Sandler reissued an “overweight” rating on shares of Chewy in a report on Thursday, February 5th. Wolfe Research set a $44.00 price objective on shares of Chewy in a report on Monday, January 5th. The Goldman Sachs Group lifted their price objective on shares of Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, BNP Paribas Exane reiterated a “neutral” rating and issued a $28.00 target price (down from $38.00) on shares of Chewy in a research note on Thursday. Seventeen investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $43.81.

Chewy Trading Down 3.0%

Shares of NYSE:CHWY opened at $26.19 on Thursday. The stock’s fifty day simple moving average is $26.92 and its two-hundred day simple moving average is $32.20. Chewy has a 1-year low of $22.74 and a 1-year high of $48.62. The stock has a market cap 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.

Chewy (NYSE:CHWY) last issued its quarterly earnings data 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). The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.26 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. On average, sell-side analysts forecast that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Chewy

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were 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 $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CHWY. Park Avenue Securities LLC boosted its holdings in Chewy by 4.0% during the 3rd quarter. Park Avenue Securities LLC now owns 7,810 shares of the company’s stock valued at $316,000 after acquiring an additional 302 shares during the period. Transatlantique Private Wealth LLC increased its stake in Chewy by 3.0% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock worth $442,000 after purchasing an additional 314 shares during the period. National Bank of Canada FI increased its stake in Chewy by 12.5% in the 3rd quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock worth $118,000 after purchasing an additional 324 shares during the period. Angeles Wealth Management LLC lifted its position in Chewy by 6.6% in the third quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $215,000 after purchasing an additional 330 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Chewy by 3.2% in the third quarter. Sivia Capital Partners LLC now owns 11,072 shares of the company’s stock valued at $448,000 after purchasing an additional 343 shares during the last quarter. 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

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.