Chewy (CHWY) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Chewy is expected to report Q2 2027 earnings before the market opens on September 9, with analysts forecasting earnings of $0.1829 per share and revenue of $3.3174 billion.
• Shares opened at $23.67 and are down 0.5%, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $31.50, despite several recent target reductions.
• Institutional investors and hedge funds own 93.09% of Chewy’s stock, while insider ownership is only 0.34%; the company’s general counsel recently sold 4,203 shares.

Chewy (NYSE:CHWY - Get Free Report) is projected to post its Q2 2027 results before the market opens on Wednesday, September 9th. Analysts expect the company to post earnings of $0.1829 per share and revenue of $3.3174 billion for the quarter. Individuals may review the information on the company's upcoming Q2 2027 earning overview page for the latest details on the call scheduled for Wednesday, September 9, 2026 at 8:00 AM ET.

Chewy Stock Down 0.5%

Shares of NYSE CHWY opened at $23.67 on Wednesday. The business has a 50 day moving average price of $21.97 and a two-hundred day moving average price of $23.18. Chewy has a fifty-two week low of $17.40 and a fifty-two week high of $43.50. The firm has a market cap of $9.69 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CHWY. Morgan Stanley reduced their price target on shares of Chewy from $42.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 26th. Citigroup reaffirmed a "market outperform" rating on shares of Chewy in a report on Thursday, June 11th. Mizuho reduced their price target on shares of Chewy from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 3rd. Piper Sandler reaffirmed an "overweight" rating on shares of Chewy in a research report on Friday, August 21st. Finally, Robert W. Baird cut their target price on shares of Chewy from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.50.

Insider Activity

In other news, General Counsel Da-Wai Hu sold 4,203 shares of the stock in a transaction that occurred 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 in the company, valued at $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chewy

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Chewy by 295.9% during the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company's stock worth $712,841,000 after acquiring an additional 13,171,325 shares during the period. Viking Global Investors LP raised its holdings in shares of Chewy by 146.9% in the 4th quarter. Viking Global Investors LP now owns 13,536,645 shares of the company's stock worth $447,386,000 after purchasing an additional 8,052,955 shares in the last quarter. AQR Capital Management LLC lifted its stake in Chewy by 120.2% during the third quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company's stock valued at $407,948,000 after purchasing an additional 5,564,803 shares during the last quarter. State Street Corp boosted its holdings in Chewy by 75.5% during the second quarter. State Street Corp now owns 6,170,197 shares of the company's stock worth $262,974,000 after buying an additional 2,654,496 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Chewy by 33.8% during the fourth quarter. Morgan Stanley now owns 7,660,258 shares of the company's stock worth $253,172,000 after buying an additional 1,937,014 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

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.

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