Citizens Jmp Issues Pessimistic Forecast for Chewy (NYSE:CHWY) Stock Price

Chewy (NYSE:CHWY) had its price target dropped by stock analysts at Citizens Jmp from $45.00 to $28.00 in a report released on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target suggests a potential upside of 46.80% from the company’s current price.

Several other equities research analysts also recently commented on CHWY. Morgan Stanley dropped their target price on Chewy from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday. TD Cowen upped their price target on Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $47.00 price objective on shares of Chewy in a research note on Thursday, June 4th. Raymond James Financial reissued a “buy” rating on shares of Chewy in a research report on Wednesday. Finally, Guggenheim restated a “buy” rating and issued a $45.00 target price on shares of Chewy in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.09.

Chewy Stock Performance

Chewy stock traded down $0.91 during trading on Thursday, reaching $19.07. 3,121,564 shares of the company’s stock were exchanged, compared to its average volume of 8,411,466. Chewy has a 52-week low of $18.38 and a 52-week high of $43.84. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 0.91 and a beta of 1.44. The company’s 50-day moving average is $23.80 and its two-hundred day moving average is $27.62.

Chewy (NYSE:CHWY) last released 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 analyst estimates of $3.35 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. Analysts anticipate that Chewy will post 0.87 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Da-Wai Hu sold 8,149 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumit Singh sold 4,220 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $108,032.00. Following the transaction, the chief executive officer directly owned 123,955 shares of the company’s stock, valued at approximately $3,173,248. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last 90 days, insiders have sold 95,675 shares of company stock valued at $2,459,955. 0.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CoreCap Advisors LLC boosted its holdings 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. Harbour Investments Inc. boosted its position in Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after purchasing an additional 407 shares during the period. Osterweis Capital Management Inc. bought a new position in Chewy during the 2nd quarter worth $30,000. Los Angeles Capital Management LLC acquired a new stake in Chewy in the fourth quarter worth $31,000. Finally, Modus Advisors LLC acquired a new stake in Chewy in the fourth quarter worth $34,000. Institutional investors own 93.09% of the company’s stock.

Chewy News Summary

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy reported Q1 net sales of $3.36 billion, up 7.7% year over year, with adjusted EPS of $0.43 topping expectations and gross margin expanding to 30.1%, showing the business remains profitable and resilient.
• Positive Sentiment: Several analysts stayed constructive, including William Blair, J.P. Morgan, Raymond James, and Evercore, citing margin discipline, cash flow, and long-term growth drivers. Article Title
• Neutral Sentiment: Chewy outlined fiscal 2026 net sales of $13.40 billion to $13.55 billion and said it is targeting net leverage below 2x adjusted EBITDA, reinforcing a focus on balance-sheet discipline. Article Title
• Neutral Sentiment: Robert W. Baird lowered its price target to $30 from $40 while keeping an outperform rating, and Needham reiterated a Hold, reflecting a mixed but not uniformly bearish analyst response. Article Title
• Negative Sentiment: Management cut its full-year sales forecast and flagged a more cautious consumer environment, which is the main reason investors are selling the stock despite the earnings beat.
• Negative Sentiment: Commentary around the report also noted macroeconomic pressure and growth concerns, with shares hitting 52-week lows as Wall Street worries about demand for discretionary pet spending. Article Title

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.