Chewy (NYSE:CHWY) Posts Earnings Results, Beats Estimates By $0.25 EPS

Chewy (NYSE:CHWY - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.03 by $0.25, Briefing.com reports. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. Chewy updated its Q1 2025 guidance to 0.300-0.350 EPS and its FY 2025 guidance to EPS.

Chewy Stock Performance

Shares of Chewy stock traded up $0.44 during trading on Monday, reaching $32.61. 4,610,640 shares of the company's stock were exchanged, compared to its average volume of 7,546,965. The firm's 50-day moving average price is $35.90 and its 200 day moving average price is $33.23. The company has a market cap of $13.28 billion, a P/E ratio of 35.83, a PEG ratio of 2.21 and a beta of 1.23. Chewy has a 1-year low of $14.69 and a 1-year high of $40.09.

Analyst Ratings Changes

CHWY has been the topic of several recent analyst reports. BNP Paribas lowered shares of Chewy from an "outperform" rating to a "neutral" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on Chewy from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday. The Goldman Sachs Group raised their price objective on Chewy from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday. Evercore ISI upgraded Chewy from an "in-line" rating to an "outperform" rating and increased their price target for the company from $34.00 to $47.00 in a research note on Monday, January 13th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Chewy in a research report on Thursday. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Chewy has a consensus rating of "Moderate Buy" and an average target price of $38.68.

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Insider Transactions at Chewy

In other news, CEO Sumit Singh sold 9,285 shares of Chewy stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $40.00, for a total transaction of $371,400.00. Following the transaction, the chief executive officer now owns 489,750 shares in the company, valued at approximately $19,590,000. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Satish Mehta sold 71,365 shares of the stock in a transaction dated 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 sale, the chief technology officer now directly owns 262,853 shares of the company's stock, valued at approximately $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. 2.10% of the stock is currently owned by insiders.

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.