Chewy Announces First Quarter 2024 Financial Results

Chewy Inc. (CHWY) PT Raised to $24 at RBC Capital

RBC Capital analyst Steven Shemesh raised the price target on Chewy Inc. (NYSE: CHWY) to $24.00 (from $22.00) while maintaining a Outperform rating.

The analyst comments "There was a lot to like about 1Q results. Gross margin overdelivery is likely to increase investor... More

Chewy Inc. (CHWY) PT Raised to $28 at Morgan Stanley

Morgan Stanley analyst Lauren Schenk raised the price target on Chewy Inc. (NYSE: CHWY) to $28.00 (from $27.00) while maintaining a Overweight rating.

The analyst comments "CHWY delivered better than expected revenue, a large EBITDA beat, and announced its first buyback program. Equally as... More

Chewy Inc. (CHWY) PT Raised to $20 at Deutsche Bank

Deutsche Bank analyst Leo Horowitz raised the price target on Chewy Inc. (NYSE: CHWY) to $20.00 (from $18.00) while maintaining a Hold rating.

The analyst comments "Chewy delivered better revenue results and a meaningful EBITDA beat in the 1Q despite aggregate Y/Y user declines that worsened relative to the 4Q. Looking out to the balance of the year, while the FY... More

Chewy Inc. (CHWY) PT Raised to $18.50 at BofA Securities

BofA Securities analyst Curtis Nagle raised the price target on Chewy Inc. (NYSE: CHWY) to $18.50 (from $16.50) while maintaining a Underperform rating.

The analyst comments "Reported 1Q rev/EBITDA beat of $2.88bn/$163mn vs. Street at $2.85bn/$114mn. Per mgmt., active customers... More

Chewy Inc. (CHWY) PT Raised to $22 at MoffettNathanson

MoffettNathanson analyst Michael Morton raised the price target on Chewy Inc. (NYSE: CHWY) to $22.00 (from $18.00) while maintaining a Neutral rating.

The analyst comments "In the complex world of investing, the ingredient to improve Chewys multiple has been relatively simple: customer net additions. While we were early in our March report: Cover Your Short, Dont Get Bit with an outlook for improving pet household formation, Chewys comments on green shoots in pet adoption,... More

Jefferies Reiterates Buy Rating on Chewy Inc. (CHWY)

Jefferies analyst Kaumil Gajrawala reiterated a Buy rating and $25.00 price target on Chewy Inc. (NYSE: CHWY).

The analyst comments "Good start with margin progress (Adj EBITDA 5.7%, +170bp) overshadowing soft topline dynamics (sales +3%, active customers -2%). Importantly, better profitability stems from mix, sponsored ads,... More

Citi Reiterates Neutral Rating on Chewy Inc. (CHWY)

Citi analyst Steven Zaccone reiterated a Neutral rating and $16.00 price target on Chewy Inc. (NYSE: CHWY).

The analyst comments "CHWY reported better than expected 1Q results prompting a relief rally in shares (i) sales slightly beat Street expectations noting CHWY share gains in the... More

Chewy Inc. (CHWY) PT Raised to $23 at CFRA

CFRA analyst Arun Sundaram raised the price target on Chewy Inc. (NYSE: CHWY) to $23.00 (from $20.00) while maintaining a Hold rating.

The analyst comments "CHWY shares are surging on the heels of solid FQ1 (Apr-Q) results, a $500M share buyback announcement,... More

Chewy shares surge 21% on Q1 results, raised 2024 margin outlook

(Updated - May 29, 2024 9:51 AM EDT)

Shares in Chewy (NYSE: CHWY) surged more than 21% at the market open Wednesday after the online pet food retailer reported better-than-expected Q1 numbers, raised full-year margin outlook, and announced a new share buyback plan.

Chewy posted earnings per share (EPS) of $0.31 in the... More