Chewy (NYSE:CHWY) Issues Earnings Results

Chewy (NYSE:CHWY) released its earnings results on Wednesday. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15, Briefing.com reports. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS.

Chewy Stock Down 0.2 %

Shares of NYSE:CHWY opened at $33.58 on Wednesday. Chewy has a 52-week low of $14.69 and a 52-week high of $39.10. The company has a 50 day moving average of $30.31 and a two-hundred day moving average of $26.99. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 3.15 and a beta of 1.12.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHWY. Royal Bank of Canada upped their target price on shares of Chewy from $24.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Morgan Stanley upped their target price on shares of Chewy from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Wedbush restated an “outperform” rating and issued a $35.00 target price on shares of Chewy in a report on Thursday, August 29th. Bank of America upgraded shares of Chewy from an “underperform” rating to a “buy” rating and upped their target price for the company from $24.00 to $40.00 in a report on Wednesday, November 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and an average price target of $32.80.

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total transaction of $36,750,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.