Citigroup Lowers Chewy (NYSE:CHWY) Price Target to $40.00

Chewy (NYSE:CHWY) had its price target decreased by stock analysts at Citigroup from $42.00 to $40.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 52.75% from the stock’s current price.

CHWY has been the topic of several other reports. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $28.00 target price (down from $38.00) on shares of Chewy in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Chewy from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday. Barclays cut their price target on shares of Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Morgan Stanley decreased their price objective on shares of Chewy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 10th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Chewy in a report on Thursday, February 5th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.81.

Chewy Stock Performance

CHWY traded down $0.82 on Friday, hitting $26.19. 2,966,914 shares of the company were exchanged, compared to its average volume of 8,315,414. The firm has a fifty day simple moving average of $27.08 and a two-hundred day simple moving average of $32.30. The stock has a market capitalization of $10.87 billion, a PE ratio of 50.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.60. Chewy has a 12 month low of $22.74 and a 12 month high of $48.62.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.19). The company 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 business’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 year.

Insider Activity at Chewy

In related news, CTO Satish Mehta sold 13,013 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total value of $377,246.87. Following the completion of the sale, the chief technology officer owned 273,835 shares of the company’s stock, valued at $7,938,476.65. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Chewy

Large investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC increased its position in 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 purchasing an additional 302 shares during the period. Transatlantique Private Wealth LLC lifted its position 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 worth $442,000 after purchasing an additional 314 shares during the period. National Bank of Canada FI boosted its stake in shares of Chewy by 12.5% during the 3rd quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock valued at $118,000 after purchasing an additional 324 shares in the last quarter. Angeles Wealth Management LLC boosted its stake in shares of Chewy by 6.6% during the 3rd 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 in the last quarter. Finally, Sivia Capital Partners LLC increased its position in shares of Chewy by 3.2% during the third quarter. Sivia Capital Partners LLC now owns 11,072 shares of the company’s stock valued at $448,000 after buying an additional 343 shares during the period. Institutional investors own 93.09% of the company’s stock.

Key Stories Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Q4 operational beat and upbeat 2026 outlook: Chewy reported solid Q4 sales (Autoship growth) and raised guidance for 2026, pointing to margin expansion and stronger free cash flow — a key reason the stock rallied after the print. Article Title
• Positive Sentiment: AI and Vet Care cited as margin/catalyst drivers: Management and analysts flagged AI-related cost savings and growth in Chewy Vet Care as multi-year profit levers that underpin management’s bullish tone. Article Title
• Positive Sentiment: Improving cash generation and margin expansion: Analysts and investors pointed to notable free cash flow and adjusted EBITDA gains, supporting buyback capacity and a clearer path to profitability. Article Title
• Neutral Sentiment: Mixed analyst reactions — mostly constructive but cautious: Several firms kept Buy/Overweight stances (some raised or reaffirmed ratings) even while updating models after the quarter. These notes support upside but reflect model changes. Article Title Article Title
• Neutral Sentiment: Earnings call and media interviews amplified the message: CEO comments and call transcripts reiterated long‑term margin thesis and customer engagement despite near‑term noise. Article Title
• Negative Sentiment: Analyst price‑target cuts and forecast trims created headwinds: Multiple firms lowered targets after the print (e.g., JPMorgan, Goldman Sachs, Wedbush and others), which can limit near‑term upside and encourage selling. Article Title
• Negative Sentiment: Concentration of institutional ownership and short‑term flows: High institutional ownership and heavy options/short‑term activity around the print raise the risk of volatile swings and profit‑taking. Article Title

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.