Seaport Res Ptn Issues Positive Forecast for Chewy Earnings

Chewy, Inc. (NYSE:CHWY) – Stock analysts at Seaport Res Ptn increased their Q3 2026 EPS estimates for Chewy in a note issued to investors on Wednesday, March 26th. Seaport Res Ptn analyst A. Kessler now forecasts that the company will post earnings per share of $0.11 for the quarter, up from their previous estimate of $0.10. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for Chewy’s current full-year earnings is $0.24 per share.

A number of other brokerages have also issued reports on CHWY. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Thursday, March 27th. JPMorgan Chase & Co. increased their price objective on shares of Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. JMP Securities reiterated a “market outperform” rating and issued a $37.00 target price on shares of Chewy in a research report on Monday, December 16th. BNP Paribas downgraded shares of Chewy from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 5th. Finally, Citigroup lifted their price objective on Chewy from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average price target of $38.68.

Chewy Trading Up 3.2 %

Shares of CHWY opened at $33.54 on Monday. The firm has a market cap of $13.66 billion, a P/E ratio of 36.85, a PEG ratio of 2.21 and a beta of 1.23. Chewy has a 12 month low of $14.69 and a 12 month high of $40.09. The stock’s 50 day moving average is $35.74 and its two-hundred day moving average is $33.25.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.25. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS.

Insiders Place Their Bets

In related news, CTO Satish Mehta sold 168,105 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $36.32, for a total value of $6,105,573.60. Following the transaction, the chief technology officer now directly owns 417,857 shares in the company, valued at approximately $15,176,566.24. This represents a 28.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 191,096 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $35.68, for a total value of $6,818,305.28. Following the sale, the chief executive officer now directly owns 707,126 shares of the company’s stock, valued at approximately $25,230,255.68. This trade represents a 21.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,083,269 shares of company stock valued at $290,611,129 in the last three months. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chewy

Several large investors have recently modified their holdings of CHWY. Vanguard Group Inc. raised its holdings in Chewy by 31.8% in the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock valued at $485,093,000 after buying an additional 3,493,926 shares during the period. FMR LLC increased its position in shares of Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after acquiring an additional 2,497,689 shares during the last quarter. Durable Capital Partners LP acquired a new stake in shares of Chewy during the fourth quarter valued at about $79,050,000. Invesco Ltd. raised its stake in shares of Chewy by 4,577.5% in the 4th quarter. Invesco Ltd. now owns 2,191,146 shares of the company’s stock valued at $73,381,000 after acquiring an additional 2,144,302 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Chewy in the 4th quarter worth approximately $69,789,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.