Chewy (NYSE:CHWY) Issues Quarterly Earnings Results

Chewy (NYSE:CHWY) released its earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.25, Briefing.com reports. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. Chewy updated its Q1 2025 guidance to 0.300-0.350 EPS and its FY 2025 guidance to EPS.

Chewy Stock Down 1.5 %

Shares of CHWY stock traded down $0.49 during trading hours on Friday, hitting $32.20. 1,082,843 shares of the company’s stock traded hands, compared to its average volume of 7,416,844. The stock has a market cap of $13.11 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. The stock’s 50 day simple moving average is $36.00 and its 200 day simple moving average is $33.13. Chewy has a 12 month low of $14.69 and a 12 month high of $40.09.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 71,365 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the completion of the transaction, the chief technology officer now owns 262,853 shares in the company, valued at approximately $9,357,566.80. This trade represents a 21.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumit Singh sold 4,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $37.52, for a total transaction of $150,080.00. Following the completion of the sale, the chief executive officer now directly owns 518,581 shares in the company, valued at approximately $19,457,159.12. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,083,269 shares of company stock valued at $290,611,129 over the last 90 days. 2.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Evercore ISI raised shares of Chewy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $34.00 to $47.00 in a research report on Monday, January 13th. Citigroup lifted their price objective on shares of Chewy from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research note on Thursday. Piper Sandler raised their target price on Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, Guggenheim set a $42.00 price target on Chewy and gave the stock a “buy” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.68.

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.