Chewy (NYSE:CHWY) Announces Earnings Results

Chewy (NYSE:CHWY) announced its earnings results on Wednesday. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.03 by $0.25, Briefing.com reports. Chewy had a net margin of 3.51% and a return on equity of 24.47%. 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 company posted $0.07 earnings per share. The business’s revenue for the quarter 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

Shares of NYSE CHWY traded down $0.46 during trading hours on Friday, hitting $32.23. 1,276,593 shares of the company’s stock were exchanged, compared to its average volume of 7,417,271. The company’s 50-day moving average price is $36.00 and its 200-day moving average price is $33.13. Chewy has a 1-year low of $14.69 and a 1-year high of $40.09. The stock has a market capitalization of $13.12 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 2.21 and a beta of 1.23.

Analyst Ratings Changes

A number of research firms recently commented on CHWY. Wedbush reaffirmed an “outperform” rating and issued a $39.00 price objective on shares of Chewy in a research note on Thursday. Barclays raised their target price on Chewy from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday. Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. JMP Securities reissued a “market outperform” rating and issued a $37.00 price objective on shares of Chewy in a research note on Monday, December 16th. Finally, Morgan Stanley lifted their target price on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.68.

Insider Buying and Selling at Chewy

In related news, CFO David Reeder sold 307,558 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $37.48, for a total value of $11,527,273.84. Following the completion of the sale, the chief financial officer now owns 546,257 shares in the company, valued at approximately $20,473,712.36. This trade represents a 36.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 71,365 shares of Chewy stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at approximately $9,357,566.80. This trade represents a 21.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,083,269 shares of company stock valued at $290,611,129 in the last 90 days. 2.10% of the stock is currently owned by insiders.

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.