Chewy (NYSE:CHWY) Given New $48.00 Price Target at Robert W. Baird

Key Points

• Analysts at Robert W. Baird have lowered Chewy's price target from $52.00 to $48.00, indicating a potential upside of 36.54% from its current price.
• Chewy reported earnings of $0.14 EPS, missing consensus estimates while also achieving revenue of $3.10 billion for the quarter.
• Institutional investors hold 93.09% of Chewy's stock, with significant increases in stakes from several investment firms in recent quarters.

Chewy (NYSE:CHWY - Get Free Report) had its target price lowered by analysts at Robert W. Baird from $52.00 to $48.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 36.54% from the company's current price.

Several other research firms have also issued reports on CHWY. Needham & Company LLC restated a "hold" rating on shares of Chewy in a research report on Thursday. Citizens Jmp upgraded shares of Chewy to a "strong-buy" rating in a research report on Thursday, July 10th. Guggenheim reiterated a "buy" rating and set a $45.00 target price (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. UBS Group reiterated a "neutral" rating and set a $44.00 target price on shares of Chewy in a research report on Tuesday, August 5th. Finally, Evercore ISI set a $52.00 target price on shares of Chewy and gave the company an "outperform" rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $45.56.

Chewy Price Performance

Shares of CHWY opened at $35.16 on Thursday. The company has a market capitalization of $14.60 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 8.81 and a beta of 1.65. Chewy has a one year low of $26.28 and a one year high of $48.62. The company's fifty day moving average price is $38.71 and its 200 day moving average price is $38.28.

Chewy (NYSE:CHWY - Get Free Report) last announced its earnings results on Wednesday, September 10th. The company reported $0.14 EPS for the quarter, missing the consensus estimate 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 35.04% and a net margin of 3.21%.The business's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Analysts anticipate that Chewy will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Chewy

In related news, CAO William G. Billings sold 20,142 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the completion of the sale, the chief accounting officer directly 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 filing with the SEC, which is available at this link. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total transaction of $1,250,000,010.00. The disclosure for this sale can be found here. In the last three months, insiders sold 30,008,777 shares of company stock valued at $1,252,444,321. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Chewy

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHWY. Osterweis Capital Management Inc. acquired a new stake in Chewy during the second quarter worth about $30,000. Parallel Advisors LLC increased its stake in Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company's stock valued at $26,000 after purchasing an additional 473 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Chewy by 104.6% during the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company's stock valued at $31,000 after purchasing an additional 481 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Chewy by 412.2% during 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 in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Chewy by 34.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company's stock worth $49,000 after acquiring an additional 298 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

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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