Chewy (NYSE:CHWY) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Chewy has a consensus rating of “Moderate Buy” among 27 research firms, with an average 1-year price objective of $45.84.
• The company recently reported a quarterly earnings miss with earnings per share of $0.14, below the consensus estimate of $0.33, though revenue increased by 8.6% year-over-year.
• Insiders, including the CAO and CEO, have recently sold significant shares of Chewy, indicating a potential shift in their personal investment strategies.

Chewy (NYSE:CHWY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-seven research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $45.8421.

CHWY has been the topic of several research analyst reports. Mizuho upgraded shares of Chewy from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $44.00 to $50.00 in a research report on Monday, September 8th. Royal Bank Of Canada lowered their price target on Chewy from $44.00 to $43.00 and set an "outperform" rating on the stock in a research note on Thursday, September 11th. TD Cowen cut their price target on Chewy from $50.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. reduced their price objective on Chewy from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, September 11th. Finally, Needham & Company LLC restated a "hold" rating on shares of Chewy in a research report on Thursday, September 11th.

Chewy Stock Up 0.3%

Shares of NYSE CHWY opened at $37.63 on Tuesday. Chewy has a 12 month low of $26.28 and a 12 month high of $48.62. The company has a market cap of $15.61 billion, a P/E ratio of 107.51, a P/E/G ratio of 9.32 and a beta of 1.62. The business's 50 day moving average is $38.57 and its two-hundred day moving average is $38.86.

Chewy (NYSE:CHWY - Get Free Report) last posted its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the company posted $0.24 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Sell-side analysts expect that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO William G. Billings sold 20,142 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $716,450.94. Following the sale, the chief accounting officer owned 29,464 shares of the company's stock, valued at $1,048,034.48. The trade was a 40.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 29,557 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $1,051,342.49. Following the completion of the transaction, the chief executive officer directly owned 540,406 shares of the company's stock, valued at $19,222,241.42. This trade represents a 5.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,657 shares of company stock worth $2,444,311. 0.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chewy

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its holdings in shares of Chewy by 150.2% in the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock worth $26,000 after buying an additional 473 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Chewy during the second quarter worth $30,000. Golden State Wealth Management LLC lifted its holdings in shares of Chewy by 104.6% during the first quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock valued at $31,000 after acquiring an additional 481 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Chewy in the 1st quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Chewy by 412.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company's stock worth $46,000 after purchasing an additional 878 shares during the last quarter. 93.09% of the stock is currently 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.

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