Chewy (NYSE:CHWY – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $18.16 and last traded at $18.1940, with a volume of 5198814 shares traded. The stock had previously closed at $18.87.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on CHWY shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Chewy from $45.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Royal Bank Of Canada reduced their price target on Chewy from $47.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, June 11th. Wolfe Research reiterated an “outperform” rating and set a $27.00 price target on shares of Chewy in a report on Thursday, June 11th. Barclays lowered their price target on shares of Chewy from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, June 11th. Finally, UBS Group dropped their price objective on shares of Chewy from $32.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, June 11th. One investment 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. According to MarketBeat, Chewy has an average rating of “Moderate Buy” and an average price target of $32.05.
Read Our Latest Stock Report on CHWY
Chewy Stock Performance
Chewy (NYSE:CHWY – Get Free Report) last issued its quarterly earnings data on Wednesday, June 10th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.19. The company had revenue of $3.36 billion during 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%.The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. As a group, equities research analysts predict that Chewy will post 0.8 earnings per share for the current fiscal year.
Insider Buying and Selling at Chewy
In other news, CEO Sumit Singh sold 83,306 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the completion of the transaction, the chief executive officer directly owned 874,061 shares in the company, valued at approximately $22,375,961.60. This represents a 8.70% decrease in their position. The transaction 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 firm’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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders 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 made changes to their positions in the stock. Transatlantique Private Wealth LLC boosted its position in shares of Chewy by 3.0% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock worth $442,000 after purchasing an additional 314 shares during the period. National Bank of Canada FI raised its position in Chewy by 12.5% in the third quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock valued at $118,000 after purchasing an additional 324 shares during the period. Angeles Wealth Management LLC raised its position in Chewy by 6.6% in the third quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $215,000 after purchasing an additional 330 shares during the period. 180 Wealth Advisors LLC raised its position in Chewy by 4.4% in the fourth quarter. 180 Wealth Advisors LLC now owns 9,222 shares of the company’s stock valued at $305,000 after purchasing an additional 390 shares during the period. Finally, Dynasty Wealth Management LLC lifted its stake in Chewy by 6.6% during the fourth quarter. Dynasty Wealth Management LLC now owns 6,321 shares of the company’s stock worth $209,000 after purchasing an additional 394 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.
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.
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