Chewy (NYSE:CHWY) Issues Q1 2025 Earnings Guidance

Chewy (NYSE:CHWY - Get Free Report) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 0.300-0.350 for the period, compared to the consensus EPS estimate of 0.340. The company issued revenue guidance of $3.1 billion-$3.1 billion, compared to the consensus revenue estimate of $3.1 billion.

Chewy Stock Performance

NYSE:CHWY traded up $0.30 during trading hours on Friday, reaching $41.77. The company's stock had a trading volume of 4,740,004 shares, compared to its average volume of 7,308,309. The company has a market capitalization of $17.28 billion, a P/E ratio of 45.90, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69. Chewy has a 12 month low of $15.78 and a 12 month high of $42.20. The stock has a 50 day moving average price of $35.07 and a two-hundred day moving average price of $34.88.

Chewy (NYSE:CHWY - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. Chewy's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. As a group, analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CHWY shares. Morgan Stanley reduced their price target on Chewy from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a research note on Thursday, March 27th. The Goldman Sachs Group raised their price objective on shares of Chewy from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Seaport Res Ptn raised shares of Chewy to a "hold" rating in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Chewy from $40.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Chewy presently has an average rating of "Moderate Buy" and a consensus target price of $38.47.

Insider Activity at Chewy

In related news, CTO Satish Mehta sold 71,365 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total value of $2,540,594.00. Following the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at approximately $9,357,566.80. The trade was a 21.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Reeder sold 7,863 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $36.50, for a total transaction of $286,999.50. Following the completion of the sale, the chief financial officer now owns 11,582 shares in the company, valued at approximately $422,743. This trade represents a 40.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 307,411 shares of company stock worth $11,928,229. Company insiders own 2.10% of the company's stock.

Institutional Trading of Chewy

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in Chewy by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company's stock worth $38,236,000 after purchasing an additional 17,788 shares during the period. Royal Bank of Canada boosted its holdings in Chewy by 2.5% in the first quarter. Royal Bank of Canada now owns 220,509 shares of the company's stock valued at $7,168,000 after purchasing an additional 5,466 shares in the last quarter. 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Chewy in the first quarter valued at approximately $510,000. 93.09% of the stock is currently owned by hedge funds and other 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.