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

Chewy (NYSE:CHWY) had its target price dropped by Barclays from $52.00 to $48.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 88.53% from the company’s current price.

CHWY has been the subject of a number of other research reports. The Goldman Sachs Group upped 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. UBS Group set a $51.00 price target on Chewy in a research note on Tuesday, January 13th. TD Cowen reiterated a “buy” rating on shares of Chewy in a research report on Thursday, December 4th. Piper Sandler reissued an “overweight” rating on shares of Chewy in a report on Thursday, February 5th. Finally, Citigroup reissued a “market outperform” rating on shares of Chewy in a report on Monday, November 24th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.05.

Chewy Trading Down 2.3%

Shares of NYSE:CHWY opened at $25.46 on Thursday. Chewy has a 12-month low of $23.06 and a 12-month high of $48.62. The business has a 50 day moving average of $29.22 and a two-hundred day moving average of $33.82. The company has a market capitalization of $10.57 billion, a PE ratio of 53.04, a PEG ratio of 1.76 and a beta of 1.60.

Chewy (NYSE:CHWY) last posted its 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. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Equities research analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Satish Mehta sold 13,013 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $28.99, for a total value of $377,246.87. Following the transaction, the chief technology officer directly owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. This trade represents a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Chewy

A number of hedge funds have recently made changes to their positions in CHWY. Parkside Financial Bank & Trust grew its holdings in shares of Chewy by 34.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock worth $49,000 after buying an additional 298 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of 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 buying an additional 302 shares during the period. Transatlantique Private Wealth LLC lifted its stake in shares of Chewy by 3.0% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock valued at $442,000 after purchasing an additional 314 shares during the last quarter. National Bank of Canada FI increased 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 acquiring an additional 324 shares during the last quarter. Finally, Angeles Wealth Management LLC raised 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 period. Institutional investors and hedge funds 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.