The Goldman Sachs Group Cuts Chewy (NYSE:CHWY) Price Target to $46.00

Chewy (NYSE:CHWY) had its price objective cut by The Goldman Sachs Group from $52.00 to $46.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also weighed in on the company. Morgan Stanley lowered their target price on Chewy from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, March 10th. Wolfe Research set a $44.00 price target on shares of Chewy in a research report on Monday, January 5th. Citizens Jmp decreased their price objective on shares of Chewy from $48.00 to $45.00 and set a “market outperform” rating on the stock in a report on Thursday. BNP Paribas Exane restated a “neutral” rating and issued a $28.00 price objective (down from $38.00) on shares of Chewy in a research report on Thursday. Finally, TD Cowen boosted their target price on shares of Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.81.

Chewy Price Performance

CHWY stock opened at $26.19 on Thursday. The business has a fifty day moving average price of $26.92 and a 200 day moving average price of $32.13. Chewy has a fifty-two week low of $22.74 and a fifty-two week high of $48.62. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 50.36, a P/E/G ratio of 1.77 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 (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.19). The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.26 billion. Chewy had a net margin of 1.77% and a return on equity of 53.48%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. On average, equities analysts expect that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction that occurred 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 owned 273,835 shares in the company, valued at $7,938,476.65. The trade was a 4.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Chewy by 295.9% in the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock valued at $712,841,000 after buying an additional 13,171,325 shares during the period. Viking Global Investors LP grew its holdings in Chewy by 146.9% during the 4th quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock worth $447,386,000 after acquiring an additional 8,052,955 shares during the period. AQR Capital Management LLC grew its holdings in Chewy by 120.2% during the 3rd quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock worth $407,948,000 after acquiring an additional 5,564,803 shares during the period. Norges Bank bought a new stake in shares of Chewy during the 4th quarter valued at $154,647,000. Finally, State Street Corp raised its position in shares of Chewy by 75.5% during the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company’s stock valued at $262,974,000 after acquiring an additional 2,654,496 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

Key Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Management issued optimistic FY guidance and highlighted margin/FCF gains and revenue resilience — the earnings call and company presentation emphasized autoship strength, adjusted EBITDA growth and a constructive earnings outlook that drove buying interest. Chewy, Inc. Q4 2026 Earnings Call Summary
• Positive Sentiment: Autoship and customer metrics look sticky — autoship accounts for the bulk of net sales and Chewy reported active‑customer growth and higher sales per active user, which supports recurring revenue visibility and justify premium multiple expansion if execution continues. Chewy Gobbles up Market Share in 2026: Poised to Advance in Q2
• Positive Sentiment: AI-driven efficiency and Chewy Vet Care expansion are framed as near‑term margin levers — analysts and coverage pieces call out expected cost savings from AI initiatives and revenue/margin upside from the company’s vet services push. Chewy Posts Solid Q4, Indicates AI-Related Efficiency Benefits Ahead
• Neutral Sentiment: Analysts remain constructive but have trimmed price targets — several banks reaffirmed buy/overweight ratings while cutting targets after Q4, leaving a mixed consensus (many still show significant upside from current levels). These Analysts Cut Their Forecasts On Chewy Following Q4 Results
• Negative Sentiment: Institutional ownership and sentiment pose downside risk — MarketBeat flags that institutions own a very large share and were sellers earlier in the quarter; continued selling could cap near‑term upside despite positive fundamentals. Chewy Gobbles up Market Share in 2026: Poised to Advance in Q2
• Negative Sentiment: Some headlines noted mixed earnings details — while revenue and cash‑flow beats and guidance impressed, EPS and certain adjusted metrics produced mixed comparisons to Street expectations, which leaves execution risk if margins or growth slow. CHWY Stock Up 13% Following Solid Q4 Performance Despite Earnings Miss

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.