Chewy (NYSE:CHWY) Upgraded at Argus

Key Points

• Argus upgraded Chewy to a "strong‑buy" while the street consensus remains a "Moderate Buy" (1 Strong Buy, 18 Buy, 5 Hold) with an average price target of $42.91 despite several recent price‑target cuts.
• Chewy missed last quarter's EPS (reported $0.09 vs. $0.28 expected) but raised Q1 EPS guidance to $0.40–$0.45, issued upbeat FY‑2026 revenue guidance ($13.6B–$13.8B), and announced the acquisition of Modern Animal plus a $500M incremental share‑repurchase authorization.
• Insider selling was disclosed (including sales by the General Counsel and CTO), and the stock trades around $26 with a $10.85B market cap while institutional investors own about 93% of shares.

Chewy (NYSE:CHWY - Get Free Report) was upgraded by research analysts at Argus to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. BNP Paribas Exane reissued a "neutral" rating and issued a $28.00 price objective (down from $38.00) on shares of Chewy in a research report on Thursday, March 26th. Morgan Stanley cut their price objective on shares of Chewy from $50.00 to $49.00 and set an "overweight" rating for the company in a research report on Tuesday, March 31st. Wolfe Research set a $44.00 price objective on shares of Chewy in a research report on Monday, January 5th. JPMorgan Chase & Co. cut their price objective on shares of Chewy from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, March 26th. Finally, UBS Group cut their price objective on shares of Chewy from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.91.

Chewy Trading Down 1.6%

Shares of CHWY opened at $26.04 on Tuesday. The stock has a market cap of $10.85 billion, a P/E ratio of 50.07, a PEG ratio of 1.61 and a beta of 1.61. The company has a 50-day moving average of $25.95 and a two-hundred day moving average of $31.50. Chewy has a 12-month low of $22.74 and a 12-month high of $48.62.

Chewy (NYSE:CHWY - Get Free Report) last announced its earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.19). The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.26 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The business's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, analysts forecast that Chewy will post 0.24 EPS for the current fiscal year.

Insider Activity at Chewy

In related news, General Counsel Da-Wai Hu sold 8,149 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Satish Mehta sold 13,013 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the transaction, the chief technology officer directly owned 273,835 shares of the company's stock, valued at $7,938,476.65. This trade represents a 4.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.43% of the company's stock.

Hedge Funds Weigh In On Chewy

Several institutional investors and hedge funds have recently bought and sold shares of CHWY. Quent Capital LLC acquired a new position in Chewy during the third quarter worth approximately $27,000. CoreCap Advisors LLC increased its position in Chewy by 306.3% during the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company's stock worth $28,000 after purchasing an additional 637 shares during the last quarter. Harbour Investments Inc. increased its position in Chewy by 81.4% during the fourth quarter. Harbour Investments Inc. now owns 907 shares of the company's stock worth $30,000 after purchasing an additional 407 shares during the last quarter. Osterweis Capital Management Inc. acquired a new position in Chewy during the second quarter worth approximately $30,000. Finally, Los Angeles Capital Management LLC acquired a new position in Chewy during the fourth quarter worth approximately $31,000. 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: 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.

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