Chewy (NYSE:CHWY) Sets New 52-Week Low – Here’s Why

Shares of Chewy (NYSE:CHWY) reached a new 52-week low on Tuesday . The stock traded as low as $17.40 and last traded at $17.5310, with a volume of 11378203 shares. The stock had previously closed at $18.21.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank Of Canada lowered their target price on shares of Chewy from $47.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, June 11th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $28.00 price target (down from $38.00) on shares of Chewy in a research note on Thursday, March 26th. JPMorgan Chase & Co. reduced their price target on shares of Chewy from $35.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. Raymond James Financial reiterated a “buy” rating on shares of Chewy in a report on Wednesday, June 10th. Finally, Bank of America lowered their price objective on shares of Chewy from $33.00 to $31.00 in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Chewy has an average rating of “Moderate Buy” and an average target price of $32.05.

Chewy Stock Performance

The firm has a market capitalization of $7.18 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 0.92 and a beta of 1.44. The firm has a 50 day moving average price of $22.51 and a two-hundred day moving average price of $26.75.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, June 10th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.19. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. Chewy had a return on equity of 60.02% and a net margin of 1.99%.Chewy’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. Equities research analysts forecast that Chewy will post 0.8 earnings per share for the current fiscal year.

Insider Transactions at Chewy

In related news, CEO Sumit Singh sold 83,306 shares of Chewy stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $2,132,633.60. Following the transaction, the chief executive officer owned 874,061 shares of the company’s stock, valued at approximately $22,375,961.60. This trade represents a 8.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 8,149 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The SEC filing for this sale provides additional information. Insiders sold a total of 95,675 shares of company stock worth $2,459,955 in the last three months. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chewy

A number of large investors have recently made changes to their positions in CHWY. Vanguard Group Inc. boosted its holdings in Chewy by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock worth $658,367,000 after purchasing an additional 1,017,214 shares in the last quarter. WINTON GROUP Ltd raised its holdings in Chewy by 110.6% during the third quarter. WINTON GROUP Ltd now owns 239,800 shares of the company’s stock valued at $9,700,000 after buying an additional 125,943 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Chewy in the third quarter worth about $89,022,000. Intech Investment Management LLC lifted its position in shares of Chewy by 218.6% in the third quarter. Intech Investment Management LLC now owns 173,300 shares of the company’s stock worth $7,010,000 after buying an additional 118,903 shares during the last quarter. Finally, ING Groep NV bought a new stake in shares of Chewy during the 4th quarter worth about $5,883,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.