Insider Selling: Chewy (NYSE:CHWY) CAO Sells $36,679.12 in Stock

Chewy (NYSE:CHWY) CAO William Billings sold 1,121 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total value of $36,679.12. Following the completion of the sale, the chief accounting officer owned 31,045 shares of the company’s stock, valued at approximately $1,015,792.40. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Chewy Stock Performance

CHWY opened at $33.70 on Friday. Chewy has a 52-week low of $29.83 and a 52-week high of $48.62. The stock has a market capitalization of $13.98 billion, a PE ratio of 96.29, a price-to-earnings-growth ratio of 8.17 and a beta of 1.67. The stock’s 50 day moving average price is $37.46 and its 200-day moving average price is $39.26.

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

Analyst Ratings Changes

CHWY has been the topic of a number of research reports. TD Cowen cut their target price on shares of Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. JPMorgan Chase & Co. lowered their price objective on shares of Chewy from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Mizuho reiterated an “outperform” rating and set a $50.00 target price on shares of Chewy in a report on Tuesday. Barclays decreased their target price on Chewy from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Finally, Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and a consensus price target of $45.84.

Hedge Funds Weigh In On Chewy

Large investors have recently made changes to their positions in the business. Teacher Retirement System of Texas grew its stake in shares of Chewy by 81.0% in the 1st quarter. Teacher Retirement System of Texas now owns 29,080 shares of the company’s stock worth $945,000 after buying an additional 13,017 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Chewy by 38.7% in the first quarter. D.A. Davidson & CO. now owns 43,725 shares of the company’s stock worth $1,422,000 after acquiring an additional 12,206 shares in the last quarter. Liberty One Investment Management LLC grew its stake in shares of Chewy by 4.7% in the first quarter. Liberty One Investment Management LLC now owns 7,051 shares of the company’s stock worth $229,000 after acquiring an additional 314 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Chewy by 21.7% in the first quarter. New Mexico Educational Retirement Board now owns 35,300 shares of the company’s stock worth $1,148,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Chewy by 72.4% during the first quarter. Cerity Partners LLC now owns 29,711 shares of the company’s stock valued at $966,000 after acquiring an additional 12,481 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

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.