Yes but, this is Pixar/Disney we are talking about. In those universes, anything could happen. Depending on how old Andy is in the first toy story, which looks like between 5 and 12, most likely 8 and if you say Mrs Davis must be 3 decades old at that time, there is still a possibility as Boo was about 2 or 3 years old, so in 27 years, a lot could change and Boo could have well been Mrs Davis.
However, I can agree that they are parallel universes but that is a theory for another day. Another reason it may not be Mrs Davis is because Pixar is the king of Easter Eggs so Jessie may have only been an Easter egg.