Chewy (NYSE:CHWY) Issues Earnings Results, Beats Expectations By $0.01 EPS

Chewy (NYSE:CHWY) issued its quarterly earnings results on Wednesday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01, RTT News reports. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.08 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. Chewy updated its FY 2025 guidance to EPS.

Chewy Stock Up 1.2%

Shares of NYSE:CHWY opened at $41.24 on Friday. The firm has a market cap of $17.06 billion, a P/E ratio of 45.32, a P/E/G ratio of 2.21 and a beta of 1.75. Chewy has a 12 month low of $19.75 and a 12 month high of $48.62. The company’s 50-day moving average price is $39.63 and its two-hundred day moving average price is $36.58.

Insiders Place Their Bets

In other news, CFO David Reeder sold 11,582 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $36.44, for a total value of $422,048.08. Following the completion of the sale, the chief financial officer now directly owns 397,556 shares of the company’s stock, valued at $14,486,940.64. This represents a 2.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 8,552 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $33.35, for a total transaction of $285,209.20. Following the completion of the sale, the chief executive officer now directly owns 62,096 shares of the company’s stock, valued at $2,070,901.60. The trade was a 12.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 236,046 shares of company stock valued at $9,387,635. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Chewy

A number of hedge funds and other institutional investors have recently made changes to their positions in CHWY. Royal Bank of Canada increased its position in shares of Chewy by 2.5% in the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock valued at $7,168,000 after buying an additional 5,466 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Chewy during the 1st quarter valued at about $434,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Chewy during the 1st quarter valued at about $510,000. Goldman Sachs Group Inc. grew its position in shares of Chewy by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock valued at $38,236,000 after purchasing an additional 17,788 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Chewy by 5,238.3% during the 1st quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock worth $1,057,000 after purchasing an additional 31,901 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CHWY. Wedbush upped their target price on Chewy from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Chewy from $36.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada lifted their target price on shares of Chewy from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore ISI increased their price target on shares of Chewy from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their price target on shares of Chewy from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Chewy currently has an average rating of “Moderate Buy” and a consensus target price of $43.72.

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.