Chewy (NYSE:CHWY) Raised to “Buy” at Wall Street Zen

Chewy (NYSE:CHWY) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts have also commented on CHWY. Barclays dropped their price target on shares of Chewy from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday. Mizuho upgraded shares of Chewy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $44.00 to $50.00 in a report on Monday, September 8th. Royal Bank Of Canada decreased their price objective on shares of Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a report on Thursday. Cowen reiterated a “buy” rating on shares of Chewy in a report on Friday, June 6th. Finally, Citigroup decreased their price objective on shares of Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Chewy has an average rating of “Moderate Buy” and an average price target of $45.72.

Chewy Trading Down 3.6%

Shares of NYSE:CHWY opened at $34.72 on Friday. The firm’s 50 day moving average is $38.47 and its two-hundred day moving average is $38.30. Chewy has a 52 week low of $26.28 and a 52 week high of $48.62. The firm has a market capitalization of $14.42 billion, a P/E ratio of 99.20, a PEG ratio of 7.54 and a beta of 1.65.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.19). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the business posted $0.24 EPS. Chewy’s revenue for the quarter was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Analysts predict that Chewy will post 0.24 EPS for the current year.

Insider Buying and Selling at Chewy

In related news, CTO Satish Mehta sold 8,727 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $35.82, for a total transaction of $312,601.14. Following the completion of the sale, the chief technology officer directly owned 276,467 shares in the company, valued at approximately $9,903,047.94. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO William G. Billings sold 20,142 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $716,450.94. Following the sale, the chief accounting officer owned 29,464 shares of the company’s stock, valued at $1,048,034.48. The trade was a 40.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,008,777 shares of company stock valued at $1,252,444,321. 0.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chewy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in Chewy by 34.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock worth $49,000 after purchasing an additional 298 shares during the period. Liberty One Investment Management LLC boosted its stake in Chewy by 4.7% in the 1st quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company’s stock worth $229,000 after purchasing an additional 314 shares during the period. North Star Investment Management Corp. boosted its stake in Chewy by 26.6% in the 1st quarter. North Star Investment Management Corp. now owns 1,678 shares of the company’s stock worth $55,000 after purchasing an additional 353 shares during the period. Federated Hermes Inc. boosted its stake in Chewy by 2.3% in the 1st quarter. Federated Hermes Inc. now owns 15,685 shares of the company’s stock worth $510,000 after purchasing an additional 354 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in Chewy by 5.3% in the 1st quarter. Park Avenue Securities LLC now owns 7,281 shares of the company’s stock worth $237,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.