Chewy (NYSE:CHWY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Chewy (NYSE:CHWY) has received a consensus rating of "Moderate Buy" from 25 analysts, with an average price target of $45.72.
• In recent insider trading, CAO William G. Billings and CEO Sumit Singh each sold over 20,000 shares, reflecting a decrease in their ownership.
• Chewy reported earnings per share of $0.14 for its most recent quarter, missing estimates, while showing a revenue increase of 8.6% year-over-year.

Shares of Chewy (NYSE:CHWY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-five analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $45.7222.

A number of research analysts have recently issued reports on the stock. TD Cowen reduced their price objective on shares of Chewy from $50.00 to $48.00 and set a "buy" rating for the company in a report on Thursday. Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a research report on Thursday. Jefferies Financial Group reissued a "hold" rating and set a $43.00 price objective (up from $41.00) on shares of Chewy in a report on Thursday, June 5th. Royal Bank Of Canada lowered their price objective on Chewy from $44.00 to $43.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Guggenheim reaffirmed a "buy" rating and set a $45.00 target price (up previously from $42.00) on shares of Chewy in a research report on Thursday, June 12th.

Insider Activity

In related news, CAO William G. Billings sold 20,142 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the transaction, the chief accounting officer directly owned 29,464 shares of the company's stock, valued at $1,048,034.48. This trade represents a 40.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sumit Singh sold 29,557 shares of the company's 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 sale, the chief executive officer directly owned 540,406 shares of the company's stock, valued at $19,222,241.42. The trade was a 5.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,008,777 shares of company stock valued at $1,252,444,321 over the last quarter. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Chewy

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

Chewy Stock Up 2.6%

NYSE CHWY opened at $36.03 on Friday. Chewy has a 52 week low of $26.28 and a 52 week high of $48.62. The business has a 50 day moving average price of $38.60 and a 200-day moving average price of $38.30. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 102.94, a P/E/G ratio of 7.35 and a beta of 1.65.

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

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.

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