Chewy Announces Fiscal Fourth Quarter and Full Year 2023 Financial Results

Chewy Inc. (CHWY) PT Lowered to $26 at JMP Securities, 'current valuation as an attractive entry point'

March 21, 2024 9:56 AM EDT

JMP Securities analyst Nicholas Jones lowered the price target on Chewy Inc. (NYSE: CHWY) to $26.00 (from $28.00) while maintaining a Market Outperform rating.

The analyst comments "Chewy reported solid 4Q23 results with top-line revenue coming in slightly above consensus and adj. EBITDA/margin also beating expectations. F1Q24 revenue guidance came in slightly below... More

Chewy Inc. (CHWY) PT Lowered to $19 at Piper Sandler

March 21, 2024 6:58 AM EDT

Piper Sandler analyst Peter Keith lowered the price target on Chewy Inc. (NYSE: CHWY) to $19.00 (from $21.00) while maintaining a Neutral rating.

The analyst comments "We maintain our Neutral rating and lower our PT to $19 following Q4 results that were relatively inline. While... More

Chewy Inc. (CHWY) PT Lowered to $18 at MoffettNathanson

March 21, 2024 6:28 AM EDT

MoffettNathanson analyst Michael Morton lowered the price target on Chewy Inc. (NYSE: CHWY) to $18.00 (from $21.00) while maintaining a Neutral rating.

The analyst comments "Our concerns around increasing competition in the pet industry are not alleviated and appear in Chewys muted net adds. We... More

Chewy Inc. (CHWY) PT Lowered to $16.50 at BofA Securities

March 21, 2024 6:17 AM EDT

BofA Securities analyst Curtis Nagle lowered the price target on Chewy Inc. (NYSE: CHWY) to $16.50 (from $17.00) while maintaining a Underperform rating.

The analyst comments "Reported 4Q rev/EBITDA of $2.83bn/$86mn vs. Street at $2.79bn/$65mn. Active customers of 20.1mn declined 1.5% YoY... More

Chewy Inc. (CHWY) PT Lowered to $18 at Deutsche Bank

March 21, 2024 5:36 AM EDT

Deutsche Bank analyst Leo Horowitz lowered the price target on Chewy Inc. (NYSE: CHWY) to $18.00 (from $19.00) while maintaining a Hold rating.

The analyst comments "While Chewy delivered better-than-expected 4Q results with revenue 150 bps ahead and Adj. EBITDA ~$30mn ahead of our expectations, the company's 2024 outlook will continue to call into question what a sustainable top-line growth algorithm for Chewy looks like on a go forward basis. Additionally, despite the 4Q beat, net customer losses of... More

Chewy Inc. (CHWY) PT Lowered to $32 at Goldman Sachs

March 21, 2024 4:26 AM EDT

Goldman Sachs analyst Alexandra Steiger lowered the price target on Chewy Inc. (NYSE: CHWY) to $32.00 (from $36.00) while maintaining a Buy rating.

The analyst comments "In its earnings report, Chewy (CHWY) mgmt struck a few key themes: 1) Solid FQ4 operating performance against a... More

Chewy (CHWY) Offers Q1 and FY Sales Guidance

March 20, 2024 4:29 PM EDT

Chewy (NYSE: CHWY) sees Q1 sales of $2.84 billion to 2.86 billion vs the consensus of $2.89 billion.

Chewy sees FY24 sales of $11.6 billion to $11.8 billion vs the consensus of $11.68 billion.... More

Chewy (CHWY) stock jumps on better-than-anticipated Q4 top and bottom line

March 20, 2024 4:25 PM EDT

Chewy Inc. (NYSE: CHWY) shares jumped more than 6% in after-hours trading Wednesday after the company reported better-than-expected results for the fiscal Q4.

The online pet food retailer posted earnings per share (EPS) of $0.19, topping the $0.03 loss per share estimated by analysts. Revenue reached $2.83 billion, beating the consensus... More