Chewy’s (CHWY) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Chewy (NYSE:CHWY) in a report issued on Friday, Marketbeat reports. They currently have a $24.00 target price on the stock, down from their prior target price of $29.00.

Several other equities analysts have also issued reports on CHWY. Morgan Stanley decreased their target price on Chewy from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group reiterated a “neutral” rating on shares of Chewy in a research note on Thursday. Rosenblatt Securities reduced their price target on shares of Chewy from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday. Raymond James Financial raised their price objective on shares of Chewy from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Finally, Robert W. Baird cut their target price on shares of Chewy from $30.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.64.

Chewy Stock Down 0.5%

Shares of NYSE CHWY opened at $20.33 on Friday. The stock has a market cap of $8.32 billion, a PE ratio of 30.81, a P/E/G ratio of 0.81 and a beta of 1.42. The company has a current ratio of 0.84, a quick ratio of 0.42 and a debt-to-equity ratio of 1.59. Chewy has a 12-month low of $17.40 and a 12-month high of $40.55. The company has a 50-day moving average of $22.43 and a 200 day moving average of $23.06.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, September 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. Chewy had a return on equity of 60.88% and a net margin of 2.09%.The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that Chewy will post 0.8 EPS for the current fiscal year.

Insider Transactions at Chewy

In other news, General Counsel Da-Wai Hu sold 4,203 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $19.49, for a total transaction of $81,916.47. Following the transaction, the general counsel directly owned 4,103 shares in the company, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chewy

A number of large investors have recently bought and sold shares of CHWY. Harbour Investments Inc. lifted its position in shares of Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after acquiring an additional 407 shares during the period. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy in the 2nd quarter worth approximately $30,000. Los Angeles Capital Management LLC purchased a new position in Chewy in the 4th quarter valued at approximately $31,000. Modus Advisors LLC purchased a new position in Chewy in the 4th quarter valued at approximately $34,000. Finally, Parallel Advisors LLC raised its holdings in Chewy by 106.8% during the first quarter. Parallel Advisors LLC now owns 1,584 shares of the company’s stock worth $43,000 after purchasing an additional 818 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Key Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy reported second-quarter revenue of $3.33 billion, up approximately 7.3% year over year, while adjusted earnings of $0.36 per share exceeded the consensus estimate of $0.18. Management also raised its fiscal 2026 outlook. CHWY Q2 Earnings Meet Estimates, Sales Beat on Customer Growth
• Positive Sentiment: Autoship sales reached about $2.8 billion, supported by customer growth and stable demand for essential pet products. Cost discipline and AI-related efficiencies are also helping profitability. Chewy Q2 Earnings Call Highlights Stable Demand and Higher Outlook
• Positive Sentiment: Chewy’s Autoship subscription model and expansion into veterinary care, including its health-platform strategy, could create more recurring revenue and diversify the company beyond pet food and supplies. Chewy Is Building a Recurring Revenue Moat

About Chewy

Chewy, Inc is an e-commerce company focused on pet products and services. Through its website and mobile applications, the company sells pet food, treats, supplies, toys, bedding, medications, and other products for dogs, cats, fish, birds, reptiles, and small pets.

Chewy supports recurring purchases through its Autoship program and provides access to prescription and over-the-counter pet medications through Chewy Pharmacy. The company also offers pet health-related services, including veterinary consultations in certain markets, and sells products under a range of national and private-label brands.