Chewy (NYSE:CHWY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Chewy (NYSE:CHWY) have received an average recommendation of “Moderate Buy” from the twenty-six brokerages that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $45.8333.

Several research analysts have recently weighed in on CHWY shares. JMP Securities restated a “market outperform” rating and set a $48.00 price objective on shares of Chewy in a research note on Thursday, September 11th. UBS Group reduced their price target on Chewy from $46.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Chewy in a research note on Thursday, September 11th. Mizuho reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Chewy in a research report on Tuesday, November 4th. Finally, Wall Street Zen lowered Chewy from a “buy” rating to a “hold” rating in a report on Sunday, September 21st.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 16,289 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $32.72, for a total value of $532,976.08. Following the transaction, the chief executive officer directly owned 563,408 shares of the company’s stock, valued at $18,434,709.76. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William G. Billings sold 1,121 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $32.72, for a total transaction of $36,679.12. Following the sale, the chief accounting officer owned 31,045 shares of the company’s stock, valued at approximately $1,015,792.40. This represents a 3.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,629 shares of company stock worth $903,696 over the last ninety days. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Chewy

Several institutional investors and hedge funds have recently made changes to their positions in CHWY. Parkside Financial Bank & Trust boosted its stake in Chewy by 34.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after purchasing an additional 298 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Chewy by 4.0% during the third quarter. Park Avenue Securities LLC now owns 7,810 shares of the company’s stock worth $316,000 after buying an additional 302 shares in the last quarter. Transatlantique Private Wealth LLC boosted its position in shares of Chewy by 3.0% in the third quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock valued at $442,000 after acquiring an additional 314 shares during the period. National Bank of Canada FI boosted its position in shares of Chewy by 12.5% in the third quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock valued at $118,000 after acquiring an additional 324 shares during the period. Finally, Angeles Wealth Management LLC grew its stake in shares of Chewy by 6.6% in the third quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $215,000 after acquiring an additional 330 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Up 3.1%

CHWY stock opened at $33.53 on Wednesday. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 95.79, a P/E/G ratio of 8.04 and a beta of 1.67. Chewy has a twelve month low of $29.83 and a twelve month high of $48.62. The business has a 50 day moving average price of $36.13 and a two-hundred day moving average price of $38.98.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, September 10th. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. On average, equities research analysts anticipate that Chewy will post 0.24 EPS for the current fiscal year.

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.