Investors Purchase High Volume of Call Options on Chewy (NYSE:CHWY)

Chewy (NYSE:CHWY) was the target of some unusual options trading activity on Wednesday. Stock traders bought 57,315 call options on the stock. This is an increase of 231% compared to the average volume of 17,329 call options.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CHWY shares. TD Cowen boosted their target price on shares of Chewy from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Chewy in a research note on Wednesday, January 21st. Wedbush decreased their price objective on Chewy from $42.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday. Wall Street Zen upgraded Chewy from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, JPMorgan Chase & Co. dropped their target price on Chewy from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and a consensus target price of $43.90.

Chewy Stock Performance

CHWY stock opened at $27.05 on Friday. Chewy has a one year low of $22.74 and a one year high of $48.62. The firm’s fifty day moving average is $27.08 and its 200 day moving average is $32.30. The firm has a market cap of $11.23 billion, a PE ratio of 52.03, a P/E/G ratio of 1.80 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 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 firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the company posted $0.28 EPS. The company’s revenue was up .5% on a year-over-year basis. Research analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Key Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Company issued an upbeat 2026 revenue and margin outlook after Q4 results (sales roughly in line, guidance raised/clarified), which underpinned the rally. CHWY Stock Up 13% Following Solid Q4 Performance
• Positive Sentiment: Autoship strength, margin expansion and AI-driven efficiency were highlighted by management and analysts as drivers of improving EBITDA and free‑cash‑flow conversion. These operational improvements are the main near‑term catalyst for higher profitability expectations. Chewy Posts Solid Q4, Indicates AI-Related Efficiency Benefits Ahead
• Positive Sentiment: CEO Sumit Singh publicly sounded “bullish” on 2026 in interviews, reinforcing confidence in consumer engagement and the company’s growth levers (vet care, private label, advertising). That tone helped investor sentiment. Watch CNBC’s full interview with Chewy CEO Sumit Singh
• Neutral Sentiment: Industry/partner view on Chewy Vet Care’s team‑based practice model offers a constructive, long‑term growth read but is not an immediate earnings driver. Investors should treat it as strategic optionality. A veterinarian’s perspective on Chewy Vet Care’s team‑based practice model
• Neutral Sentiment: Coverage of the quarter is mixed: some outlets frame adjusted metrics as a beat while others highlight an EPS miss on certain bases — investors should focus on recurring metrics (Autoship %, FCF, adjusted EBITDA) rather than a single EPS line. Chewy Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
• Negative Sentiment: Several analysts adjusted price targets after the print (some cuts despite maintaining buy/overweight ratings), reflecting a more cautious near‑term view on upside; that could cap momentum if revisions continue. These Analysts Cut Their Forecasts On Chewy Following Q4 Results
• Negative Sentiment: Insider sales and notable institutional trimming in recent quarters are a structural headwind to the stock’s near‑term supply/demand picture — monitor institutional flows. Chewy jumps 15% as investors position for fiscal Q4 and full‑year results

Insider Activity at Chewy

In other 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 value of $377,246.87. Following the sale, the chief technology officer owned 273,835 shares in the company, valued at $7,938,476.65. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by company insiders.

Institutional Trading of Chewy

Institutional investors have recently bought and sold shares of the business. Winslow Asset Management Inc. acquired a new position in Chewy during the third quarter worth $6,171,000. Nordea Investment Management AB acquired a new stake in shares of Chewy in the third quarter valued at about $6,967,000. Federated Hermes Inc. increased its stake in shares of Chewy by 2,715.2% during the third quarter. Federated Hermes Inc. now owns 664,079 shares of the company’s stock worth $26,862,000 after purchasing an additional 640,490 shares in the last quarter. WINTON GROUP Ltd increased its stake in shares of Chewy by 110.6% during the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company’s stock worth $9,700,000 after purchasing an additional 125,943 shares in the last quarter. Finally, CWM LLC raised its position in shares of Chewy by 8,785.0% during the 3rd quarter. CWM LLC now owns 284,499 shares of the company’s stock worth $11,508,000 after purchasing an additional 281,297 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

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.