Chewy Sees Unusually Large Options Volume (NYSE:CHWY)

Chewy (NYSE:CHWY) saw some unusual options trading activity on Thursday. Traders bought 39,030 call options on the company. This represents an increase of 28% compared to the typical volume of 30,398 call options.

Chewy Stock Up 2.6%

Shares of NYSE CHWY opened at $36.03 on Friday. The firm’s 50-day moving average price is $38.60 and its 200-day moving average price is $38.30. The company has a market cap of $14.96 billion, a PE ratio of 102.94, a PEG ratio of 7.35 and a beta of 1.65. Chewy has a 52-week low of $26.28 and a 52-week high of $48.62.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous 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. As a group, equities research analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.

Insider Activity at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total value of $1,250,000,010.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 29,557 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $1,051,342.49. Following the completion of the transaction, the chief executive officer owned 540,406 shares of the company’s stock, valued at $19,222,241.42. This trade represents a 5.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,008,777 shares of company stock valued at $1,252,444,321 over the last quarter. Company insiders own 0.43% of the company’s stock.

Institutional Trading of Chewy

A number of institutional investors have recently made changes to their positions in CHWY. Ameriprise Financial Inc. boosted its holdings in shares of Chewy by 311.9% during the 4th quarter. Ameriprise Financial Inc. now owns 226,177 shares of the company’s stock valued at $7,575,000 after acquiring an additional 171,273 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Chewy during the 4th quarter valued at about $2,086,000. Nomura Holdings Inc. boosted its holdings in shares of Chewy by 36.4% during the 4th quarter. Nomura Holdings Inc. now owns 30,793 shares of the company’s stock valued at $1,031,000 after acquiring an additional 8,219 shares during the last quarter. Man Group plc boosted its holdings in shares of Chewy by 210.0% during the 4th quarter. Man Group plc now owns 426,324 shares of the company’s stock valued at $14,278,000 after acquiring an additional 288,787 shares during the last quarter. Finally, Polar Asset Management Partners Inc. boosted its holdings in shares of Chewy by 26.5% during the 4th quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company’s stock valued at $9,670,000 after acquiring an additional 60,533 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CHWY shares. Guggenheim reaffirmed a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Citizens Jmp raised shares of Chewy to a “strong-buy” rating in a research report on Thursday, July 10th. Evercore ISI set a $52.00 target price on shares of Chewy and gave the stock an “outperform” rating in a research report on Thursday, June 12th. Cowen reaffirmed a “buy” rating on shares of Chewy in a research report on Friday, June 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.72.

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.