Chewy (NYSE:CHWY) Hits New 52-Week Low – What’s Next?

Chewy (NYSE:CHWY) shares reached a new 52-week low on Wednesday . The stock traded as low as $19.08 and last traded at $20.1590, with a volume of 5285161 shares traded. The stock had previously closed at $20.40.

Key Headlines Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy’s fiscal Q1 results were strong overall: net sales rose 7.7% to $3.36 billion, gross margin expanded to 30.1%, and adjusted EPS came in at $0.43, above expectations. Autoship strength and profitability improvements helped support the quarter. Article Title
• Positive Sentiment: Management kept full-year adjusted EBITDA margin guidance intact, suggesting Chewy still expects continued efficiency gains even as revenue growth slows. Article Title
• Neutral Sentiment: Chewy completed its acquisition of Modern Animal, expanding its vet clinic footprint and pushing its pet-health strategy toward a broader omnichannel platform. This could help long-term growth, but it is not an immediate earnings catalyst. Article Title
• Negative Sentiment: Chewy lowered its fiscal 2026 net sales outlook to roughly $13.40 billion-$13.55 billion, which reinforced worries that pet owners are becoming more cautious with discretionary spending. That weaker forward guidance is the key reason the stock is down. Article Title
• Negative Sentiment: Several analysts trimmed price targets after the report, including JPMorgan, RBC, TD Cowen, Baird, and Deutsche Bank, reflecting concerns about slower growth despite many firms keeping constructive ratings. Article Title

Wall Street Analysts Forecast Growth

CHWY has been the subject of several recent analyst reports. Wolfe Research reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Chewy in a research note on Thursday. Wedbush lowered their price objective on shares of Chewy from $42.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Weiss Ratings upgraded shares of Chewy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Royal Bank Of Canada decreased their price objective on shares of Chewy from $47.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Argus upgraded shares of Chewy to a “strong-buy” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Chewy has a consensus rating of “Moderate Buy” and a consensus price target of $32.62.

Chewy Stock Performance

The company’s 50-day moving average is $23.63 and its 200 day moving average is $27.51. The company has a market capitalization of $7.84 billion, a PE ratio of 31.34, a P/E/G ratio of 0.89 and a beta of 1.44.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, June 10th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.24 by $0.19. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Chewy had a net margin of 1.99% and a return on equity of 60.02%. Chewy’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. On average, analysts forecast that Chewy will post 0.87 EPS for the current fiscal year.

Insider Transactions at Chewy

In related news, CEO Sumit Singh sold 4,220 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $108,032.00. Following the transaction, the chief executive officer owned 123,955 shares of the company’s stock, valued at approximately $3,173,248. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total transaction of $219,289.59. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 95,675 shares of company stock worth $2,459,955. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Chewy

A number of institutional investors and hedge funds have recently made changes to their positions in CHWY. Transatlantique Private Wealth LLC raised its stake in Chewy by 3.0% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock worth $442,000 after acquiring an additional 314 shares during the period. National Bank of Canada FI raised its position in shares of Chewy by 12.5% during the third quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock valued at $118,000 after buying an additional 324 shares during the last quarter. Angeles Wealth Management LLC raised its position in shares of Chewy by 6.6% during the third quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $215,000 after buying an additional 330 shares during the last quarter. 180 Wealth Advisors LLC increased its position in Chewy by 4.4% in the fourth quarter. 180 Wealth Advisors LLC now owns 9,222 shares of the company’s stock worth $305,000 after purchasing an additional 390 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its position in Chewy by 6.6% in the fourth quarter. Dynasty Wealth Management LLC now owns 6,321 shares of the company’s stock worth $209,000 after purchasing an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

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.