Chewy (NYSE:CHWY) Raised to “Buy” at Wall Street Zen

Chewy (NYSE:CHWY) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other analysts have also recently issued reports about the stock. Guggenheim reaffirmed a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Chewy in a research report on Thursday, June 12th. Citigroup decreased their price target on shares of Chewy from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday. Evercore ISI set a $52.00 price target on shares of Chewy and gave the stock an “outperform” rating in a research report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft raised shares of Chewy from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Thursday. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $43.00 price objective (up from $41.00) on shares of Chewy in a research report on Thursday, June 5th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and an average target price of $45.72.

Chewy Trading Down 3.6%

Shares of Chewy stock opened at $34.72 on Friday. The company has a fifty day moving average price of $38.47 and a 200 day moving average price of $38.30. Chewy has a twelve month low of $26.28 and a twelve month high of $48.62. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 99.20, a price-to-earnings-growth ratio of 7.54 and a beta of 1.65.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Chewy had a return on equity of 50.45% and a net margin of 1.22%.The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the company posted $0.24 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Analysts forecast that Chewy will post 0.24 earnings per share for the current year.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 4,264 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $151,670.48. Following the sale, the chief executive officer owned 72,549 shares in the company, valued at approximately $2,580,567.93. This represents a 5.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO William G. Billings sold 20,142 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $716,450.94. Following the completion of the sale, the chief accounting officer owned 29,464 shares in the company, valued at approximately $1,048,034.48. This trade represents a 40.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,008,777 shares of company stock worth $1,252,444,321. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in shares of Chewy by 150.2% in the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company’s stock valued at $26,000 after purchasing an additional 473 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of Chewy in the 2nd quarter valued at about $30,000. Golden State Wealth Management LLC raised its stake in shares of Chewy by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company’s stock valued at $31,000 after purchasing an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Chewy in the 1st quarter valued at about $44,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Chewy by 412.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock valued at $46,000 after purchasing an additional 878 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.