William Blair Has Pessimistic Outlook of Chewy Q4 Earnings

Chewy, Inc. (NYSE:CHWY) – Equities research analysts at William Blair cut their Q4 2026 earnings per share estimates for shares of Chewy in a research note issued on Monday, May 12th. William Blair analyst D. Carden now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their prior forecast of $0.12. The consensus estimate for Chewy’s current full-year earnings is $0.24 per share.

CHWY has been the topic of several other reports. Seaport Res Ptn upgraded Chewy to a “hold” rating in a report on Monday, March 24th. Barclays lifted their price objective on Chewy from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. The Goldman Sachs Group lifted their price objective on Chewy from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price objective on Chewy from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Chewy currently has an average rating of “Moderate Buy” and a consensus price target of $38.47.

Chewy Trading Up 1.1%

CHWY stock opened at $41.46 on Thursday. Chewy has a 12-month low of $15.78 and a 12-month high of $41.71. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 45.56, a PEG ratio of 2.21 and a beta of 1.69. The business’s 50-day moving average is $34.90 and its 200 day moving average is $34.72.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the firm posted $0.07 EPS. Chewy’s revenue was up 15.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC acquired a new position in Chewy during the fourth quarter worth $2,915,000. Raymond James Financial Inc. acquired a new position in Chewy during the fourth quarter worth $69,789,000. Birch Hill Investment Advisors LLC acquired a new position in Chewy during the fourth quarter worth $1,174,000. Money Concepts Capital Corp acquired a new position in Chewy during the fourth quarter worth $225,000. Finally, Vanguard Group Inc. lifted its stake in Chewy by 31.8% during the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock worth $485,093,000 after purchasing an additional 3,493,926 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chewy

In related news, CEO Sumit Singh sold 148,063 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.67, for a total value of $6,021,722.21. Following the transaction, the chief executive officer now directly owns 705,252 shares in the company, valued at approximately $28,682,598.84. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Satish Mehta sold 71,365 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.60, for a total value of $2,540,594.00. Following the completion of the transaction, the chief technology officer now owns 262,853 shares in the company, valued at $9,357,566.80. This represents a 21.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 307,411 shares of company stock worth $11,928,229. Insiders own 2.10% 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.