Chewy (NYSE:CHWY) Given New $48.00 Price Target at Barclays

Chewy (NYSE:CHWY) had its target price decreased by investment analysts at Barclays from $52.00 to $48.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 85.11% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Chewy in a report on Wednesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. Morgan Stanley raised their target price on shares of Chewy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Wolfe Research set a $44.00 target price on shares of Chewy in a research note on Monday, January 5th. Finally, Piper Sandler reissued an “overweight” rating on shares of Chewy in a research report on Thursday, February 5th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.05.

Chewy Price Performance

Shares of CHWY stock traded up $0.42 during mid-day trading on Thursday, hitting $25.93. 2,888,441 shares of the stock traded hands, compared to its average volume of 8,041,238. The stock’s fifty day moving average is $29.48 and its two-hundred day moving average is $33.99. Chewy has a 52-week low of $23.06 and a 52-week high of $48.62. The stock has a market cap of $10.76 billion, a P/E ratio of 54.02, a P/E/G ratio of 1.81 and a beta of 1.60.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the business posted $0.20 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, equities analysts forecast that Chewy will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the firm’s 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 sale, the chief technology officer owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of Chewy

Large investors have recently bought and sold shares of the business. Winslow Asset Management Inc. purchased a new position in Chewy during the third quarter worth about $6,171,000. Nordea Investment Management AB purchased a new stake in shares of Chewy in the 3rd quarter worth about $6,967,000. Federated Hermes Inc. grew its position in shares of Chewy by 2,715.2% in the third quarter. Federated Hermes Inc. now owns 664,079 shares of the company’s stock valued at $26,862,000 after purchasing an additional 640,490 shares during the last quarter. CWM LLC raised its holdings in shares of Chewy by 8,785.0% in the third quarter. CWM LLC now owns 284,499 shares of the company’s stock worth $11,508,000 after acquiring an additional 281,297 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Chewy by 218.6% during the 3rd quarter. Intech Investment Management LLC now owns 173,300 shares of the company’s stock worth $7,010,000 after purchasing an additional 118,903 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.