Chewy (NYSE:CHWY) Reaches New 12-Month Low – Here’s What Happened

Chewy (NYSE:CHWY) hit a new 52-week low during trading on Wednesday . The stock traded as low as $18.16 and last traded at $18.1940, with a volume of 5198814 shares trading hands. The stock had previously closed at $18.87.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CHWY shares. Piper Sandler set a $30.00 price objective on shares of Chewy in a research note on Wednesday, June 10th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $28.00 price target (down from $38.00) on shares of Chewy in a report on Thursday, March 26th. JPMorgan Chase & Co. cut their price target on Chewy from $35.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, June 11th. Morgan Stanley reduced their price objective on Chewy from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. Finally, UBS Group decreased their price objective on Chewy from $32.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.05.

Chewy Stock Performance

The firm’s 50 day moving average is $23.18 and its 200-day moving average is $27.21. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 0.97 and a beta of 1.44.

Chewy (NYSE:CHWY) last announced its quarterly 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. Chewy had a net margin of 1.99% and a return on equity of 60.02%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. As a group, sell-side analysts forecast that Chewy will post 0.8 earnings per share for the current year.

Insider Activity

In other news, General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total transaction of $219,289.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 4,220 shares of Chewy stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $108,032.00. Following the completion of the transaction, the chief executive officer owned 123,955 shares of the company’s stock, valued at approximately $3,173,248. This represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, insiders have sold 95,675 shares of company stock worth $2,459,955. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Chewy

A number of institutional investors have recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. purchased a new stake in Chewy in the 2nd quarter worth $30,000. CoreCap Advisors LLC grew its position in shares of Chewy by 306.3% in the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 637 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Chewy during the fourth quarter worth about $31,000. Harbour Investments Inc. raised its position in shares of Chewy by 81.4% during the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after purchasing an additional 407 shares during the last quarter. Finally, Modus Advisors LLC acquired a new position in shares of Chewy during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Company Profile

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.