Seaport Res Ptn Comments on Chewy's Q3 Earnings (NYSE:CHWY)

Chewy, Inc. (NYSE:CHWY - Free Report) - Equities research analysts at Seaport Res Ptn upped their Q3 2026 earnings estimates for Chewy in a report issued on Wednesday, March 26th. Seaport Res Ptn analyst A. Kessler now expects that the company will post earnings per share of $0.11 for the quarter, up from their previous estimate of $0.10. Seaport Res Ptn currently has a "Hold" rating on the stock. The consensus estimate for Chewy's current full-year earnings is $0.24 per share.

CHWY has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on shares of Chewy from $38.00 to $40.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Needham & Company LLC reissued a "hold" rating on shares of Chewy in a research note on Thursday, March 27th. Barclays boosted their price objective on shares of Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Mizuho increased their price objective on Chewy from $42.00 to $43.00 and gave the company an "outperform" rating in a research report on Thursday, March 27th. Finally, JMP Securities restated a "market outperform" rating and set a $37.00 target price on shares of Chewy in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $38.68.

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Chewy Price Performance

Shares of NYSE:CHWY traded down $0.39 during midday trading on Monday, reaching $33.61. The company's stock had a trading volume of 8,011,153 shares, compared to its average volume of 7,529,688. The business's fifty day simple moving average is $35.59 and its 200-day simple moving average is $33.26. Chewy has a fifty-two week low of $14.69 and a fifty-two week high of $40.09. The company has a market capitalization of $13.68 billion, a P/E ratio of 36.93, a P/E/G ratio of 2.21 and a beta of 1.68.

Chewy (NYSE:CHWY - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.25. The firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business's revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS.

Insider Buying and Selling at Chewy

In related news, CEO Sumit Singh sold 191,096 shares of the company's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $35.68, for a total value of $6,818,305.28. Following the completion of the sale, the chief executive officer now owns 707,126 shares in the company, valued at $25,230,255.68. This represents a 21.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Satish Mehta sold 71,365 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at $9,357,566.80. The trade was a 21.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,083,269 shares of company stock valued at $290,611,129. Corporate insiders own 2.10% of the company's stock.

Institutional Trading of Chewy

A number of large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Chewy by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company's stock valued at $661,000 after buying an additional 301 shares during the period. Blue Trust Inc. boosted its stake in Chewy by 22.9% in the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock worth $58,000 after purchasing an additional 320 shares during the period. Fifth Third Bancorp increased its holdings in Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock worth $33,000 after purchasing an additional 444 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Chewy by 8.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company's stock valued at $189,000 after purchasing an additional 450 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Chewy by 30.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company's stock valued at $94,000 after purchasing an additional 650 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

About Chewy

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.