Chewy (NYSE:CHWY) Earns “Hold” Rating from Needham & Company LLC

Chewy (NYSE:CHWY)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a report issued on Thursday, Benzinga reports.

Other analysts also recently issued reports about the stock. Raymond James Financial raised their target price on shares of Chewy from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Weiss Ratings raised shares of Chewy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Piper Sandler restated an “overweight” rating on shares of Chewy in a report on Friday, August 21st. Bank of America reduced their target price on shares of Chewy from $33.00 to $31.00 in a research note on Thursday, June 11th. Finally, Citizens Jmp decreased their price objective on Chewy from $45.00 to $28.00 and set a “market outperform” rating for the company in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.32.

Chewy Stock Down 11.7%

Shares of NYSE CHWY opened at $20.54 on Thursday. Chewy has a twelve month low of $17.40 and a twelve month high of $40.55. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 0.93 and a beta of 1.42. The company’s fifty day moving average is $22.44 and its 200-day moving average is $23.13.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.18. Chewy had a return on equity of 60.02% and a net margin of 1.99%.The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, research analysts anticipate that Chewy will post 0.8 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Da-Wai Hu sold 4,203 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $19.49, for a total value of $81,916.47. Following the completion of the transaction, the general counsel directly owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Chewy

Several institutional investors and hedge funds have recently bought and sold shares of CHWY. National Bank of Canada FI boosted its stake in shares of Chewy by 12.5% during the 3rd quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock worth $118,000 after acquiring an additional 324 shares during the period. Dynasty Wealth Management LLC raised its stake in Chewy by 6.6% in the 4th quarter. Dynasty Wealth Management LLC now owns 6,321 shares of the company’s stock valued at $209,000 after acquiring an additional 394 shares during the period. Harbour Investments Inc. lifted its holdings in 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 purchasing an additional 407 shares during the last quarter. Utah Retirement Systems lifted its holdings in Chewy by 4.4% during the 4th quarter. Utah Retirement Systems now owns 11,586 shares of the company’s stock valued at $383,000 after purchasing an additional 485 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its position in Chewy by 3.6% during the fourth quarter. Rafferty Asset Management LLC now owns 14,108 shares of the company’s stock worth $466,000 after purchasing an additional 489 shares during the period. 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 7.3% year over year and slightly ahead of the $3.32 billion consensus estimate. Adjusted EPS of $0.36 also exceeded the cited $0.18 consensus, while net income rose to $80.5 million from $62 million a year earlier. Chewy Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its full-year outlook, projecting fiscal 2026 revenue of $13.5 billion to $13.6 billion versus consensus of $12.8 billion. Third-quarter revenue guidance of $3.3 billion to $3.4 billion was broadly in line with expectations. Adjusted EBITDA margin reached 6.8%.
• Positive Sentiment: Autoship sales increased to approximately $2.8 billion, representing 84.6% of quarterly revenue, and active customers rose 3.8% to 21.7 million. Management also highlighted AI-related efficiency initiatives and growth in higher-margin services. Chewy Q2 2026 Earnings Call Transcript
• Neutral Sentiment: TD Cowen and Bank of America reaffirmed Buy ratings, but reduced their price targets to $32 and $27, respectively, reflecting disciplined investment, margin considerations and a shift toward services. Chewy analyst rating update
• Negative Sentiment: The main catalyst for the selloff was a free-cash-flow shortfall, compounded by concerns about lower liquidity following acquisition-related cash usage. Gross margin remained flat at 30.4%, while consumers continued to limit discretionary spending on pet treats and other products. Chewy free cash flow report
• Negative Sentiment: Investors viewed the earnings beat as largely in line rather than a major upside surprise, and recent disclosures show open-market insider activity consisting of sales rather than purchases.

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.