Chewy (NYSE:CHWY) Issues Earnings Results

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

Chewy Price Performance

Shares of CHWY traded up $0.41 during trading hours on Friday, hitting $41.62. The stock had a trading volume of 7,209,845 shares, compared to its average volume of 6,951,483. The company's fifty day moving average is $39.84 and its two-hundred day moving average is $36.66. Chewy has a 52 week low of $19.75 and a 52 week high of $48.62. The stock has a market capitalization of $17.22 billion, a price-to-earnings ratio of 45.74, a P/E/G ratio of 2.21 and a beta of 1.75.

Insider Transactions at Chewy

In other news, CFO David Reeder sold 7,863 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $36.50, for a total value of $286,999.50. Following the sale, the chief financial officer now owns 11,582 shares of the company's stock, valued at approximately $422,743. This represents a 40.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumit Singh sold 148,063 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was 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 directly owns 705,252 shares in the company, valued at approximately $28,682,598.84. The trade was a 17.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 236,046 shares of company stock valued at $9,387,635. 0.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHWY. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Chewy by 31.6% during the 1st 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 buying an additional 92,129 shares in the last quarter. NewEdge Advisors LLC lifted its position in Chewy by 5,238.3% during the 1st quarter. NewEdge Advisors LLC now owns 32,510 shares of the company's stock worth $1,057,000 after buying an additional 31,901 shares in the last quarter. Goldman Sachs Group Inc. lifted its position 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Chewy during the 1st quarter worth about $510,000. Finally, Focus Partners Wealth acquired a new position in Chewy during the 1st quarter worth about $434,000. Institutional investors and hedge funds own 93.09% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on CHWY. Wedbush upped their target price on shares of Chewy from $39.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday. Cowen reiterated a "buy" rating on shares of Chewy in a research note on Friday, June 6th. Guggenheim upped their target price on shares of Chewy from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday. Morgan Stanley upped their target price on shares of Chewy from $39.00 to $50.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Wall Street Zen cut shares of Chewy from a "buy" rating to a "hold" rating in a research note on Saturday. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.