On September 14, Chewy, Inc. rose 5.04% in regular trading, trading at $21.325/share, with turnover of approximately $40.22 million.

The rebound follows a sharp post-earnings selloff that had driven the stock to around $20.00 earlier in the week. On September 9, Chewy reported Q2 adjusted EPS of $0.36, in line with consensus, representing a 9.09% year-over-year increase. Net sales came in at $3.33 billion, up 7.4% year-over-year but slightly below the more optimistic estimate of $3.361 billion. Notably, the company raised its full-year revenue and margin guidance, a move that appears to be gaining renewed attention from the market.

In the days following the report, multiple investment banks cut their price targets. Evercore ISI downgraded Chewy from Outperform to In Line and slashed its target from $33 to $25, while BofA Securities lowered its target from $31 to $27. RBC noted that while Chewy continues to gain market share, category dynamics limit near-term catalysts. The current bounce is widely viewed as a technical recovery following the steep post-earnings decline, as investors reassess the improved full-year outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)