Chewy (NYSE:CHWY) Price Target Lowered to $47.00 at Barclays

Key Points

• Barclays has lowered its price target for Chewy (NYSE:CHWY) from $50.00 to $47.00, while maintaining an "overweight" rating, indicating a potential upside of 33.69% from the previous closing price.
• The consensus rating for Chewy is currently "Moderate Buy" with an average target price of $45.56, though various analysts have recently issued mixed ratings.
• Chewy reported earnings of $0.14 EPS, falling short of expectations of $0.33 EPS, despite achieving revenue of $3.10 billion for the quarter, representing an 8.6% year-over-year increase.

Chewy (NYSE:CHWY - Get Free Report) had its target price reduced by stock analysts at Barclays from $50.00 to $47.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 33.69% from the company's previous close.

A number of other research analysts have also issued reports on CHWY. Wall Street Zen lowered Chewy from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Citizens Jmp raised Chewy to a "strong-buy" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. lifted their target price on Chewy from $36.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a report on Thursday. Finally, UBS Group reiterated a "neutral" rating and issued a $44.00 price target on shares of Chewy in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $45.56.

Chewy Stock Performance

Shares of CHWY opened at $35.16 on Thursday. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 8.81 and a beta of 1.65. Chewy has a one year low of $26.28 and a one year high of $48.62. The stock's fifty day moving average is $38.71 and its 200-day moving average is $38.28.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.19). The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Chewy had a net margin of 3.21% and a return on equity of 35.04%. Chewy's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Analysts forecast that Chewy will post 0.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $41.75, for a total transaction of $1,250,000,010.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 8,727 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total value of $312,601.14. Following the sale, the chief technology officer owned 276,467 shares of the company's stock, valued at $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,008,777 shares of company stock valued at $1,252,444,321. 0.43% of the stock is owned by insiders.

Institutional Investors Weigh In On Chewy

A number of hedge funds and other institutional investors have recently made changes to their positions in CHWY. Parallel Advisors LLC raised its stake in shares of Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock worth $26,000 after purchasing an additional 473 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Chewy in the 2nd quarter valued at approximately $30,000. Golden State Wealth Management LLC raised its stake in shares of Chewy by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock valued at $31,000 after acquiring an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Chewy in the 1st quarter valued at approximately $44,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Chewy by 412.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company's stock valued at $46,000 after acquiring an additional 878 shares in the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.

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.

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