Chewy (NYSE:CHWY) Receives “Hold” Rating from Needham & Company LLC

Chewy (NYSE:CHWY)‘s stock had its “hold” rating reissued by equities researchers at Needham & Company LLC in a research note issued to investors on Thursday, Benzinga reports.

Several other research analysts have also recently weighed in on CHWY. The Goldman Sachs Group lowered their price objective on Chewy from $46.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. UBS Group cut shares of Chewy from a “neutral” rating to a “hold” rating and set a $28.00 target price for the company. in a research report on Thursday. Wolfe Research reaffirmed an “outperform” rating and set a $27.00 price target on shares of Chewy in a research report on Thursday, June 11th. Morgan Stanley dropped their price objective on shares of Chewy from $42.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. Finally, Robert W. Baird cut their price objective on shares of Chewy from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.32.

Chewy Stock Down 11.7%

Shares of NYSE:CHWY opened at $20.54 on Thursday. Chewy has a 12-month low of $17.40 and a 12-month high of $40.55. The business has a 50 day moving average of $22.44 and a 200-day moving average of $23.13. The stock has a market cap of $8.41 billion, a PE ratio of 34.23, a P/E/G ratio of 0.93 and a beta of 1.42.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, September 9th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.32 billion. Chewy had a return on equity of 60.02% and a net margin of 1.99%.The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. Equities research analysts expect that Chewy will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $19.49, for a total value of $81,916.47. Following the sale, the general counsel owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Chewy

Several institutional investors and hedge funds have recently modified their holdings of CHWY. Amundi increased its position in Chewy by 191.8% during the 1st quarter. Amundi now owns 1,466,126 shares of the company’s stock worth $39,584,000 after purchasing an additional 963,750 shares in the last quarter. ING Groep NV acquired a new stake in Chewy in the fourth quarter valued at approximately $5,883,000. Jefferies Financial Group Inc. grew its stake in shares of Chewy by 550.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 102,249 shares of the company’s stock worth $3,379,000 after buying an additional 86,526 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Chewy by 392.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 275,612 shares of the company’s stock worth $7,442,000 after buying an additional 219,696 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Chewy by 12.7% during the first quarter. Bank of America Corp DE now owns 4,816,924 shares of the company’s stock worth $130,057,000 after buying an additional 542,298 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy News Roundup

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy reported second-quarter revenue of $3.33 billion, up 7.3% year over year and slightly ahead of the $3.32 billion consensus estimate. Adjusted EPS of $0.36 also exceeded the cited $0.18 consensus, while net income rose to $80.5 million from $62 million a year earlier. Chewy Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its full-year outlook, projecting fiscal 2026 revenue of $13.5 billion to $13.6 billion versus consensus of $12.8 billion. Third-quarter revenue guidance of $3.3 billion to $3.4 billion was broadly in line with expectations. Adjusted EBITDA margin reached 6.8%.
• Positive Sentiment: Autoship sales increased to approximately $2.8 billion, representing 84.6% of quarterly revenue, and active customers rose 3.8% to 21.7 million. Management also highlighted AI-related efficiency initiatives and growth in higher-margin services. Chewy Q2 2026 Earnings Call Transcript
• Neutral Sentiment: TD Cowen and Bank of America reaffirmed Buy ratings, but reduced their price targets to $32 and $27, respectively, reflecting disciplined investment, margin considerations and a shift toward services. Chewy analyst rating update
• Negative Sentiment: The main catalyst for the selloff was a free-cash-flow shortfall, compounded by concerns about lower liquidity following acquisition-related cash usage. Gross margin remained flat at 30.4%, while consumers continued to limit discretionary spending on pet treats and other products. Chewy free cash flow report
• Negative Sentiment: Investors viewed the earnings beat as largely in line rather than a major upside surprise, and recent disclosures show open-market insider activity consisting of sales rather than purchases.

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.