Chewy (NYSE:CHWY) Issues Quarterly Earnings Results, Meets Estimates

Chewy (NYSE:CHWY) announced its earnings results on Wednesday. The company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43, FiscalAI reports. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Chewy updated its Q2 2026 guidance to 0.360-0.360 EPS.

Chewy Stock Up 1.2%

Shares of CHWY stock opened at $20.39 on Wednesday. The stock has a market cap of $8.50 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44. The business has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $27.71. Chewy has a 52-week low of $19.30 and a 52-week high of $46.35.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wedbush dropped their target price on Chewy from $42.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. The Goldman Sachs Group dropped their target price on Chewy from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. JPMorgan Chase & Co. dropped their target price on Chewy from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 2nd. Raymond James Financial restated an “outperform” rating and set a $25.00 target price on shares of Chewy in a research note on Friday. Finally, Mizuho dropped their target price on Chewy from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.24.

Insider Activity

In other news, General Counsel Da-Wai Hu sold 8,149 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 83,306 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $2,132,633.60. Following the completion of the transaction, the chief executive officer directly owned 874,061 shares of the company’s stock, valued at approximately $22,375,961.60. This trade represents a 8.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 95,675 shares of company stock valued at $2,459,955. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Chewy

Institutional investors and hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. acquired a new position in shares of Chewy in the 2nd quarter valued at about $30,000. Los Angeles Capital Management LLC acquired a new position in Chewy in the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC raised its holdings in Chewy by 412.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock worth $46,000 after purchasing an additional 878 shares during the period. Danske Bank A S acquired a new position in Chewy in the 3rd quarter worth about $53,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Chewy in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Key Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: William Blair’s Dylan Carden reiterated a Buy rating, calling Chewy’s shares undervalued and pointing to structural margin upside and long-term free cash flow potential. Article: Dylan Carden Reiterates Buy on Chewy, Citing Undervalued Shares, Structural Margin Upside, and Long-Term Free Cash Flow Potential
• Neutral Sentiment: Chewy is expected to report Q1 earnings before the open on June 10, and analysts are comparing results against lowered estimates as the company heads into a closely watched print. Article: Chewy Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: There has been unusually heavy options activity in CHWY, suggesting traders are positioning for a potentially larger post-earnings move. Article: Chewy Target of Unusually High Options Trading (NYSE:CHWY)
• Neutral Sentiment: Jim Cramer said Chewy looks “so cheap,” but also raised the key question of whether consumers are cutting back on pet spending, highlighting the central debate around the stock. Article: Jim Cramer on Chewy: “That Stock Is So Cheap”
• Negative Sentiment: Recent previews note that Chewy’s stock has been hit hard over the past year, with investors worried about consumer weakness, inflation pressure, and whether the company can beat lowered expectations. Article: Chewy Q1 Preview: Stock Hovers Near 2-Year Lows, Wall Street Cuts Targets Ahead Of Earnings
• Negative Sentiment: A valuation-focused article also highlighted scrutiny around Chewy’s AI spending, vet clinic expansion, and softer consumer confidence, reinforcing concerns that near-term spending may stay pressured. Article: Chewy (CHWY) Valuation Check As Q1 Earnings, AI Spending And Vet Expansion Draw Investor Scrutiny

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.