Chewy (NYSE:CHWY) Upgraded at Argus

Chewy (NYSE:CHWY) was upgraded by equities research analysts at Argus to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on CHWY. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. Guggenheim reiterated a “buy” rating and set a $45.00 price objective on shares of Chewy in a research note on Thursday, March 26th. Raymond James Financial upgraded shares of Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research note on Thursday, February 19th. Wedbush decreased their price objective on shares of Chewy from $42.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Chewy from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.91.

Chewy Stock Down 1.6%

CHWY opened at $26.04 on Tuesday. Chewy has a 52-week low of $22.74 and a 52-week high of $48.62. The company has a 50 day moving average of $25.95 and a two-hundred day moving average of $31.50. The company has a market cap of $10.85 billion, a P/E ratio of 50.07, a P/E/G ratio of 1.61 and a beta of 1.61.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.19). Chewy had a return on equity of 53.48% and a net margin of 1.77%.The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Chewy’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Chewy

In related news, General Counsel Da-Wai Hu sold 8,149 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction 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 completion of the sale, the chief technology officer directly owned 273,835 shares in the company, valued at $7,938,476.65. This represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.43% of the company’s stock.

Institutional Trading of Chewy

Institutional investors have recently added to or reduced their stakes in the stock. Winslow Asset Management Inc. acquired a new stake in Chewy in the third quarter valued at $6,171,000. WINTON GROUP Ltd raised its holdings in Chewy by 110.6% in the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company’s stock valued at $9,700,000 after acquiring an additional 125,943 shares in the last quarter. Nordea Investment Management AB acquired a new stake in Chewy in the third quarter valued at $6,967,000. Federated Hermes Inc. raised its holdings in 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 acquiring an additional 640,490 shares in the last quarter. Finally, CWM LLC raised its holdings in Chewy by 8,785.0% in the third quarter. CWM LLC now owns 284,499 shares of the company’s stock valued at $11,508,000 after acquiring an additional 281,297 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Raised Q1 2026 EPS guidance to $0.40–$0.45 vs. consensus $0.34 — suggests better near-term profitability and margin leverage that supports the stock.
• Positive Sentiment: FY 2026 revenue guidance of $13.6B–$13.8B tops consensus (~$13.0B), indicating expected top-line growth acceleration for the year.
• Positive Sentiment: Acquisition of Modern Animal meaningfully expands Chewy Vet Care (adding clinics, virtual care and a membership model) and bolsters high?margin health services that can lift retention and long?term margins. Chewy to Acquire Modern Animal
• Positive Sentiment: Board approved an incremental $500M share repurchase authorization, supporting shareholder returns and offsetting dilution concerns. Chewy Expands Share Repurchase Authorization
• Neutral Sentiment: Analysts largely maintained bullish ratings (William Blair buy; Mizuho reiterated Buy and a $50 PT) but differed on the acquisition’s near-term trade-offs. Analyst Coverage & Buy Ratings
• Neutral Sentiment: Coverage pieces highlight Chewy’s vet?care strategy as a path to higher-margin growth, but emphasize execution and integration risk. Chewy Bets Big on Pet Healthcare With Modern Animal Deal
• Negative Sentiment: Company did not provide FY 2026 EPS guidance (left EPS blank), leaving a key profitability metric unclear and creating short-term uncertainty for models and valuations.
• Negative Sentiment: Q1 revenue guidance of $3.3B–$3.4B is roughly at/just below consensus (~$3.4B), a modest disappointment relative to the EPS upside and could signal cautious top?line assumptions.
• Negative Sentiment: Insider selling disclosed (Da?Wai Hu sold 8,149 shares), which some investors view as a modest negative signal. Insider Sale Report

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.