Chewy (NYSE:CHWY – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $17.40 and last traded at $17.5310, with a volume of 11378203 shares trading hands. The stock had previously closed at $18.21.
Wall Street Analysts Forecast Growth
CHWY has been the subject of several analyst reports. Zacks Research cut shares of Chewy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. JPMorgan Chase & Co. reduced their price objective on shares of Chewy from $35.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, June 11th. Bank of America lowered their target price on shares of Chewy from $33.00 to $31.00 in a report on Thursday, June 11th. Raymond James Financial reiterated a “buy” rating on shares of Chewy in a research report on Wednesday, June 10th. Finally, Guggenheim reissued a “buy” rating and issued a $45.00 price target on shares of Chewy in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.05.
Read Our Latest Stock Analysis on CHWY
Chewy Stock Performance
Chewy (NYSE:CHWY – Get Free Report) last released 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. Chewy had a net margin of 1.99% and a return on equity of 60.02%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the firm earned $0.35 EPS. Chewy’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. Analysts forecast that Chewy will post 0.8 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Sumit Singh sold 83,306 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $2,132,633.60. Following the completion of the transaction, the chief executive officer owned 874,061 shares of the company’s stock, valued at $22,375,961.60. The trade was a 8.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 95,675 shares of company stock worth $2,459,955. Insiders own 0.34% of the company’s stock.
Institutional Investors Weigh In On Chewy
A number of hedge funds have recently modified their holdings of CHWY. Royal Bank of Canada raised its holdings in Chewy by 2.5% during the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock worth $7,168,000 after buying an additional 5,466 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Chewy in the first quarter valued at approximately $510,000. NewEdge Advisors LLC boosted its holdings in shares of Chewy by 5,238.3% in the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock valued at $1,057,000 after buying an additional 31,901 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Chewy by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock valued at $38,236,000 after buying an additional 17,788 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Chewy by 31.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock worth $12,483,000 after acquiring an additional 92,129 shares in the last quarter. 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.
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