Chewy (NYSE:CHWY) Announces Quarterly Earnings Results

Chewy (NYSE:CHWY) released its quarterly earnings data on Wednesday. The company reported $0.28 earnings per share (EPS) 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 company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the firm posted $0.07 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. Chewy updated its Q1 2025 guidance to 0.300-0.350 EPS and its FY 2025 guidance to EPS.

Chewy Price Performance

CHWY traded down $0.43 during trading on Friday, hitting $32.26. 1,402,507 shares of the stock traded hands, compared to its average volume of 5,288,007. The business has a 50 day moving average price of $36.00 and a 200 day moving average price of $33.13. Chewy has a twelve month low of $14.69 and a twelve month high of $40.09. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 2.21 and a beta of 1.23.

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 71,365 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total value of $2,540,594.00. Following the completion of the transaction, the chief technology officer now owns 262,853 shares of the company’s stock, valued at approximately $9,357,566.80. This represents a 21.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 63,187 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $37.62, for a total transaction of $2,377,094.94. Following the completion of the sale, the chief executive officer now owns 643,939 shares in the company, valued at approximately $24,224,985.18. The trade was a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,083,269 shares of company stock worth $290,611,129 over the last three months. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CHWY has been the topic of several research reports. Citigroup upped their price objective on shares of Chewy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley raised their price objective on shares of Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Argus raised Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $42.00 price target on shares of Chewy in a report on Thursday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $37.00 price objective on shares of Chewy in a report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.68.

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.