Chewy Sees Unusually Large Options Volume (NYSE:CHWY)

Chewy (NYSE:CHWY) was the recipient of unusually large options trading on Friday. Traders acquired 36,620 call options on the stock. This is an increase of approximately 69% compared to the average volume of 21,615 call options.

Wall Street Analysts Forecast Growth

CHWY has been the topic of several recent analyst reports. Piper Sandler restated an “overweight” rating and set a $48.00 price objective on shares of Chewy in a research note on Tuesday, December 2nd. Cowen reissued a “buy” rating on shares of Chewy in a research report on Thursday, December 4th. Citigroup restated a “market outperform” rating on shares of Chewy in a research note on Monday, November 24th. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Thursday, September 25th. Finally, The Goldman Sachs Group boosted their target price on Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.21.

Chewy Trading Up 3.0%

Shares of NYSE:CHWY traded up $0.97 during trading on Friday, reaching $33.74. 7,260,796 shares of the stock were exchanged, compared to its average volume of 7,411,360. Chewy has a 12 month low of $29.83 and a 12 month high of $48.62. The stock has a 50-day moving average price of $33.26 and a 200-day moving average price of $36.39. The firm has a market cap of $14.00 billion, a PE ratio of 70.23, a PEG ratio of 3.23 and a beta of 1.56.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, December 10th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.10 billion. Chewy had a return on equity of 56.78% and a net margin of 1.64%.Chewy’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, sell-side analysts expect that Chewy will post 0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 40,789 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $33.73, for a total transaction of $1,375,812.97. Following the sale, the chief executive officer owned 623,185 shares in the company, valued at $21,020,030.05. This represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO William G. Billings sold 1,121 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $36,679.12. Following the completion of the transaction, the chief accounting officer directly owned 31,045 shares of the company’s stock, valued at $1,015,792.40. This represents a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 83,985 shares of company stock valued at $2,802,809 in the last 90 days. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chewy

A number of institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust raised its position in Chewy by 34.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after purchasing an additional 298 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Chewy by 4.0% during the 3rd quarter. Park Avenue Securities LLC now owns 7,810 shares of the company’s stock worth $316,000 after buying an additional 302 shares in the last quarter. Transatlantique Private Wealth LLC lifted its position in shares of Chewy by 3.0% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock worth $442,000 after buying an additional 314 shares during the last quarter. National Bank of Canada FI boosted its stake in Chewy by 12.5% in the third quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock valued at $118,000 after buying an additional 324 shares in the last quarter. Finally, Angeles Wealth Management LLC boosted its stake in Chewy by 6.6% in the third quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $215,000 after buying an additional 330 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.