Chewy (NYSE:CHWY) Hits New 12-Month Low on Insider Selling

Shares of Chewy (NYSE:CHWY) hit a new 52-week low on Wednesday following insider selling activity. The company traded as low as $26.34 and last traded at $27.08, with a volume of 9784045 shares traded. The stock had previously closed at $28.39.

Specifically, CTO Satish Mehta sold 13,013 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total value of $377,246.87. Following the completion of the transaction, the chief technology officer owned 273,835 shares of the company’s stock, valued at $7,938,476.65. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHWY shares. Citigroup reiterated a “market outperform” rating on shares of Chewy in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chewy in a report on Wednesday, January 21st. Morgan Stanley lifted their price objective on shares of Chewy from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Mizuho restated an “outperform” rating and set a $50.00 price objective on shares of Chewy in a research report on Tuesday, November 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $48.00 target price on shares of Chewy in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.21.

Chewy Price Performance

The business’s 50-day simple moving average is $32.64 and its two-hundred day simple moving average is $35.56. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 56.42, a price-to-earnings-growth ratio of 1.91 and a beta of 1.59.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Equities research analysts forecast that Chewy will post 0.24 earnings per share for the current year.

Institutional Trading of Chewy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quent Capital LLC bought a new position in Chewy in the 3rd quarter valued at approximately $27,000. CoreCap Advisors LLC increased its position in Chewy by 306.3% in the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 637 shares during the period. Osterweis Capital Management Inc. acquired a new position in Chewy in the 2nd quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new position in shares of Chewy during the third quarter valued at $40,000. Finally, Montag A & Associates Inc. lifted its holdings in shares of Chewy by 58.8% during the fourth quarter. Montag A & Associates Inc. now owns 1,270 shares of the company’s stock worth $42,000 after purchasing an additional 470 shares during the period. 93.09% of the stock is currently owned by institutional investors.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.