Chewy Expands Share Repurchase Authorization to Boost Returns

An announcement from Chewy ( (CHWY) ) is now available.

On April 7, 2026, Chewy, Inc.’s board of directors approved a $500 million increase to its existing share repurchase program for its Class A and Class B common stock, adding to the roughly $119.4 million of remaining authorization under the $500 million program established in May 2024. The buyback expansion signals continued capital-return efforts and gives the company added flexibility to repurchase stock over time without a set expiration, potentially supporting earnings per share and shareholder value, while leaving execution subject to market conditions and other business considerations.

The most recent analyst rating on (CHWY) stock is a Buy with a $48.00 price target. To see the full list of analyst forecasts on Chewy stock, see the CHWY Stock Forecast page.

Spark’s Take on CHWY Stock

According to Spark, TipRanks’ AI Analyst, CHWY is a Neutral.

The score is held back primarily by mixed financial fundamentals (TTM revenue contraction, thin profitability, and volatile free cash flow) and weak technical trend signals (below key moving averages with negative MACD). The latest earnings call provides a meaningful offset with solid growth, margin improvement, and strong quarterly free cash flow, while valuation metrics are a notable drawback given the extremely high P/E.

To see Spark’s full report on CHWY stock, click here.

More about Chewy

Chewy, Inc. is an online pet products retailer that focuses on selling pet food, supplies, and related goods through e-commerce channels. The company targets pet owners across the U.S. with a broad assortment of pet essentials and leverages a digital-first model to capture growth in the expanding pet care market.

Average Trading Volume: 8,459,450

Technical Sentiment Signal: Sell

Current Market Cap: $10.93B

For a thorough assessment of CHWY stock, go to TipRanks’ Stock Analysis page.