Chewy (NYSE:CHWY) Shares Down 8.7% - Here's What Happened

Market Beat
2026.05.19 18:20
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Chewy (NYSE:CHWY) shares fell 8.7% to $19.75, hitting a new 52-week low amid concerns over consumer spending and demand trends. Analysts have mixed views, with Citigroup lowering its target price to $37 while others maintain a 'buy' rating. The company reported a quarterly EPS of $0.09, missing estimates, and revenue slightly increased by 0.5% year-over-year. Insider selling activity was noted, with significant shares sold by executives.