Wall Street Zen Upgrades Chewy (NYSE:CHWY) to Buy

Chewy (NYSE:CHWY) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently commented on CHWY. Citigroup reaffirmed a “market outperform” rating on shares of Chewy in a research report on Monday, November 24th. UBS Group set a $51.00 price objective on shares of Chewy in a report on Tuesday, January 13th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. Mizuho reissued an “outperform” rating and issued a $50.00 price target on shares of Chewy in a research report on Tuesday, November 4th. Finally, Barclays upped their price target on shares of Chewy from $47.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and a consensus target price of $47.21.

Chewy Price Performance

NYSE CHWY opened at $24.24 on Friday. The business’s fifty day moving average is $31.42 and its 200-day moving average is $34.97. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 50.50, a PEG ratio of 1.63 and a beta of 1.59. Chewy has a one year low of $24.01 and a one year high of $48.62.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Research analysts expect that Chewy will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction 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 sale, the chief technology officer directly owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. The trade was a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 40,789 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $33.73, for a total transaction of $1,375,812.97. Following the completion of the transaction, the chief executive officer owned 623,185 shares of the company’s stock, valued at $21,020,030.05. This trade represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 69,369 shares of company stock worth $2,276,360 over the last ninety days. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chewy

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of Chewy by 2.5% in the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock worth $7,168,000 after purchasing an additional 5,466 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Chewy in the first quarter worth approximately $510,000. NewEdge Advisors LLC grew its position in Chewy by 5,238.3% during the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock valued at $1,057,000 after acquiring an additional 31,901 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Chewy by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after acquiring an additional 17,788 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Chewy by 31.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock worth $12,483,000 after acquiring an additional 92,129 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

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.