Chewy Inc. (NYSE:CHWY) has surged to a new 52-week high, with its stock price reaching $43.90 amid renewed investor enthusiasm and strong market performance. The online pet products retailer has seen its market capitalization swell to $18.1 billion, buoyed by annual revenues of $11.9 billion. Trading at a price-to-earnings ratio of 46.6, Chewy’s valuation reflects heightened expectations for future growth.

The stock’s impressive 161.86% increase over the past year signals a sharp rebound and growing confidence in Chewy’s strategic direction. The company’s continued focus on customer engagement, coupled with its expanding services, appears to be resonating with both pet owners and investors alike. However, analysts caution that technical indicators suggest the stock may be entering overbought territory.

In corporate developments, Chief Financial Officer David Reeder has announced plans to step down, having accepted a CEO position in the semiconductor industry. Reeder will remain onboard through the company’s next earnings call in June to help facilitate a seamless leadership transition.

Additionally, Chewy has strengthened its board by welcoming Dr. Nat Goldhaber as an independent director. His background in technology and venture capital is expected to bring strategic depth as the company navigates further growth and innovation.

Wall Street analysts continue to weigh in on Chewy’s prospects. JMP Securities recently revised its price target to $39 from $40 but reaffirmed a “Market Outperform” rating, noting the resilience of consumer spending on pets, even in uncertain economic conditions. Piper Sandler echoed this optimism, maintaining its $40 price target and “Overweight” rating. The firm highlighted Chewy’s promising expansion into veterinary care and pointed to industry data suggesting continued pet population growth through 2026.

Chewy’s exposure to recent tariff policy changes is expected to be minimal, according to analysts, given the company’s limited reliance on foreign sourcing. With ongoing investments in digital infrastructure, leadership, and service offerings, Chewy appears poised to sustain momentum in the dynamic and growing pet care sector.

Chewy stock price