Chewy (NYSE:CHWY) Issues Earnings Results

Chewy (NYSE:CHWY - Get Free Report) released its earnings results on Wednesday. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01, RTT News reports. The business had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.08 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm's revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Chewy updated its FY 2025 guidance to EPS.

Chewy Stock Up 1.0%

Shares of CHWY stock traded up $0.41 during mid-day trading on Friday, hitting $41.62. 7,209,845 shares of the stock were exchanged, compared to its average volume of 6,950,228. Chewy has a 52-week low of $19.75 and a 52-week high of $48.62. The firm has a fifty day moving average of $39.63 and a 200 day moving average of $36.58. The company has a market cap of $17.22 billion, a PE ratio of 45.74, a price-to-earnings-growth ratio of 2.21 and a beta of 1.75.

Insider Activity

In other news, CEO Sumit Singh sold 148,063 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.67, for a total transaction of $6,021,722.21. Following the completion of the sale, the chief executive officer now owns 705,252 shares of the company's stock, valued at $28,682,598.84. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 9,243 shares of Chewy stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $36.50, for a total value of $337,369.50. Following the transaction, the chief technology officer now owns 276,467 shares in the company, valued at approximately $10,091,045.50. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 236,046 shares of company stock worth $9,387,635 over the last three months. 0.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chewy

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in Chewy by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company's stock worth $38,236,000 after buying an additional 17,788 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 worth $12,483,000 after acquiring an additional 92,129 shares in the last quarter. Royal Bank of Canada increased its position in shares of Chewy by 2.5% during the first quarter. Royal Bank of Canada now owns 220,509 shares of the company's stock worth $7,168,000 after acquiring an additional 5,466 shares during the period. NewEdge Advisors LLC boosted its holdings in Chewy by 5,238.3% in the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company's stock valued at $1,057,000 after purchasing an additional 31,901 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Chewy during the 1st quarter worth $510,000. Hedge funds and other institutional investors own 93.09% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CHWY. Guggenheim raised their target price on Chewy from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday. Seaport Res Ptn upgraded Chewy to a "hold" rating in a research report on Monday, March 24th. Wedbush boosted their target price on Chewy from $39.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday. Citigroup raised their price target on Chewy from $42.00 to $49.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Chewy from $36.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Chewy presently has an average rating of "Moderate Buy" and a consensus price target of $43.72.

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.