Chewy (NYSE:CHWY) Issues Quarterly Earnings Results

Chewy (NYSE:CHWY) posted its quarterly earnings data on Wednesday. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01, RTT News reports. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.08 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. Chewy updated its FY 2025 guidance to EPS.

Chewy Trading Up 1.2%

NYSE:CHWY opened at $41.24 on Friday. Chewy has a 1-year low of $19.75 and a 1-year high of $48.62. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 45.32, a PEG ratio of 2.21 and a beta of 1.75. The business’s 50-day moving average price is $39.63 and its two-hundred day moving average price is $36.58.

Wall Street Analysts Forecast Growth

CHWY has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a report on Thursday. JMP Securities reduced their target price on shares of Chewy from $40.00 to $39.00 and set a “market outperform” rating on the stock in a research report on Monday, April 14th. Cowen reissued a “buy” rating on shares of Chewy in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft set a $27.00 price target on shares of Chewy and gave the company a “hold” rating in a report on Monday, April 14th. Finally, Guggenheim boosted their price objective on shares of Chewy from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.72.

Insiders Place Their Bets

In related news, CFO David Reeder sold 11,582 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $36.44, for a total transaction of $422,048.08. Following the completion of the transaction, the chief financial officer now owns 397,556 shares in the company, valued at approximately $14,486,940.64. The trade was a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumit Singh sold 8,552 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total transaction of $285,209.20. Following the completion of the sale, the chief executive officer now directly owns 62,096 shares of the company’s stock, valued at $2,070,901.60. The trade was a 12.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 236,046 shares of company stock worth $9,387,635. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Chewy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Focus Partners Wealth bought a new stake in shares of Chewy in the 1st quarter valued at $434,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Chewy by 31.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock valued at $12,483,000 after acquiring an additional 92,129 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Chewy by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after acquiring an additional 17,788 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Chewy by 5,238.3% during the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock worth $1,057,000 after purchasing an additional 31,901 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Chewy during the first quarter worth about $510,000. 93.09% of the stock is owned by institutional investors.

About Chewy

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.