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

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

Chewy Stock Performance

Chewy stock traded up $0.91 during mid-day trading on Tuesday, reaching $33.42. The company's stock had a trading volume of 2,184,612 shares, compared to its average volume of 7,526,820. Chewy has a 12-month low of $14.69 and a 12-month high of $40.09. The firm's fifty day moving average price is $35.81 and its two-hundred day moving average price is $33.24. The company has a market capitalization of $13.61 billion, a P/E ratio of 36.70, a PEG ratio of 2.21 and a beta of 1.23.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CHWY shares. 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 research report on Thursday, March 27th. Wolfe Research upgraded shares of Chewy from a "peer perform" rating to an "outperform" rating in a report on Friday, January 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $42.00 price target on shares of Chewy in a research note on Thursday, March 27th. Argus upgraded Chewy from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Barclays increased their price target on Chewy from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.68.

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Insider Activity at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 63,187 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $37.62, for a total value of $2,377,094.94. Following the transaction, the chief executive officer now directly owns 643,939 shares of the company's stock, valued at $24,224,985.18. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,083,269 shares of company stock worth $290,611,129. 2.10% of the stock is owned by company 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.