Wedbush Has Positive Estimate for Chewy Q3 Earnings

Chewy (NYSE:CHWY) – Research analysts at Wedbush raised their Q3 2026 EPS estimates for shares of Chewy in a research report issued to clients and investors on Wednesday, September 10th. Wedbush analyst S. Devitt now expects that the company will earn $0.12 per share for the quarter, up from their previous estimate of $0.11. Wedbush has a “Outperform” rating and a $45.00 price target on the stock. The consensus estimate for Chewy’s current full-year earnings is $0.24 per share. Wedbush also issued estimates for Chewy’s FY2027 earnings at $0.83 EPS.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.19). The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a return on equity of 50.45% and a net margin of 1.22%.The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 EPS. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS.

Several other equities analysts also recently commented on the company. Cowen reaffirmed a “buy” rating on shares of Chewy in a research report on Friday, June 6th. UBS Group lowered their target price on shares of Chewy from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Guggenheim reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of Chewy in a research note on Thursday, June 12th. Barclays lowered their price objective on shares of Chewy from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Finally, Citigroup dropped their target price on shares of Chewy from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.72.

Chewy Stock Performance

Shares of NYSE CHWY opened at $38.19 on Monday. Chewy has a fifty-two week low of $26.28 and a fifty-two week high of $48.62. The company has a market cap of $15.86 billion, a price-to-earnings ratio of 109.11, a PEG ratio of 7.66 and a beta of 1.65. The business’s 50 day moving average price is $38.36 and its 200-day moving average price is $38.33.

Hedge Funds Weigh In On Chewy

A number of large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of Chewy by 150.2% in the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company’s stock valued at $26,000 after buying an additional 473 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in Chewy during the second quarter valued at approximately $30,000. Golden State Wealth Management LLC boosted its stake in Chewy by 104.6% in the first quarter. Golden State Wealth Management LLC now owns 941 shares of the company’s stock valued at $31,000 after acquiring an additional 481 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Chewy in the first quarter worth $44,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Chewy by 412.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock worth $46,000 after purchasing an additional 878 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Chewy news, CEO Sumit Singh sold 4,264 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.57, for a total transaction of $151,670.48. Following the sale, the chief executive officer owned 72,549 shares of the company’s stock, valued at approximately $2,580,567.93. This trade represents a 5.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of Chewy stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $41.75, for a total value of $1,250,000,010.00. The disclosure for this sale can be found here. Insiders have sold 30,008,777 shares of company stock worth $1,252,444,321 in the last three months. Corporate insiders own 0.43% of the company’s stock.

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.