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NYSE:CHWY

Chewy (CHWY) Stock Price, News & Analysis

Chewy logo
$35.74 +1.12 (+3.24%)
(As of 11/21/2024 ET)

About Chewy Stock (NYSE:CHWY)

Key Stats

Today's Range
$34.64
$35.82
50-Day Range
$26.51
$35.74
52-Week Range
$14.69
$39.10
Volume
3.09 million shs
Average Volume
8.72 million shs
Market Capitalization
$14.94 billion
P/E Ratio
43.58
Dividend Yield
N/A
Price Target
$31.65
Consensus Rating
Moderate Buy

Company Overview

Chewy, Inc. is a leading American online retailer specializing in pet food and other pet-related products. Founded in June 2011 by Ryan Cohen and Michael Day under "Mr. Chewy," the company quickly gained prominence in the pet care e-commerce industry. With its headquarters in Plantation, Florida, Chewy operates through its user-friendly e-commerce platform, catering to pet owners across the United States.

Chewy, Inc. started in 2011 as "Mr. Chewy," aiming to disrupt the traditional pet retail market by offering a wide range of pet products through a convenient online platform. The company's founders sought to leverage their e-commerce and retail expertise to provide pet owners with a seamless and personalized shopping experience.

The company's innovative approach quickly gained traction, and by 2017, Chewy had become a major player in the online pet retail space. In May 2017, Chewy made headlines when PetSmart acquired it for a groundbreaking $3.35 billion, making it the largest-ever acquisition of an e-commerce business at that time. Following the acquisition, Chewy continued to operate as an independent unit under the leadership of Ryan Cohen, the visionary co-founder and Chief Executive Officer.

Chewy's mission is to create a customer-centric platform that delivers happiness and joy to pets and their owners. The company is dedicated to providing pet owners with a comprehensive selection of high-quality pet products, personalized recommendations, and exceptional customer service. Chewy aims to enhance the bond between pet parents and their beloved companions by simplifying caring for pets through its convenient and reliable e-commerce platform.

The company's e-commerce platform provides pet owners the convenience of ordering products from the comfort of their homes, with the added benefit of subscription services for recurring shipments. Chewy's subscription model offers automatic delivery of pet essentials, ensuring pet owners never run out of their pet's favorite items.

Chewy's target market comprises pet owners across the United States who seek convenience, a vast selection of high-quality products, and exceptional customer service for their furry companions. The company caters to a diverse demographic of pet owners, including individuals, families, and pet enthusiasts. The company's e-commerce platform appeals to pet owners who prefer the ease and efficiency of online shopping. Chewy's user-friendly website and mobile app offer a seamless shopping experience, making it an attractive choice for first-time and experienced pet owners.

Chewy, Inc. is led by a seasoned and visionary management team, driving the company's strategic direction and success. As the Chief Executive Officer of Chewy Inc, Sumit Singh brings a wealth of experience in e-commerce and technology to the company. Singh's strategic leadership has been instrumental in Chewy's growth and market positioning. Mario J. Marte is the Chief Financial Officer, overseeing the company's financial operations and strategies. His financial management and planning expertise contributes to Chewy's financial growth and stability.

Chewy, Inc.'s financial data over the past few years reflects the company's impressive growth and financial performance. The company has achieved revenue growth, with a reported revenue increasing year over year. The net income also witnessed significant growth, with a yearly growth rate exceeding 150%. The company's net profit margin improved, reflecting a more than 150% year-over-year change. Chewy, Inc.'s valuation metrics indicate strong investor sentiment and optimism about the company's future growth prospects. Investors appear willing to pay a premium for Chewy's shares, driven by its consistent financial performance, expanding market presence, and customer loyalty.

Chewy, Inc. operates in the broader e-commerce and pet care industry, which has experienced significant growth in recent years. The pet care industry is fueled by increasing pet ownership and a growing trend of pet humanization, where pet owners seek premium products and services for their furry companions. As an e-commerce platform in the pet care industry, Chewy enjoys several competitive advantages. Its user-friendly interface, personalized customer experience, and subscription services have contributed to its strong market positioning. Chewy's vast selection of pet products and efficient logistics have also provided a competitive edge.

However, the industry remains highly competitive, with numerous established players vying for market share. Chewy faces competition from traditional brick-and-mortar pet stores, other e-commerce platforms, and specialty pet retailers. The company's ability to innovate, maintain customer loyalty, and expand its product offerings will be critical to sustaining its competitive advantage.

Chewy, Inc. has further identified several growth opportunities to solidify its pet care industry position. The growing trend of pet humanization and pet owners' willingness to invest in premium pet products present significant opportunities for Chewy to expand its product offerings and drive revenue growth. The company's expansion into the pharmacy segment with Chewy Pharmacy, providing prescription medications, offers additional growth potential in healthcare. Chewy can leverage its customer loyalty and personalized shopping experience to explore new markets and expand its customer base internationally. 

Chewy, Inc. has demonstrated strong performance and growth potential. However, the company also faces risks and challenges that could affect its future outlook. Notably, the e-commerce and pet care industries are highly competitive, with numerous established players and newcomers vying for market share. Chewy must continuously innovate and invest in customer acquisition and retention strategies to maintain its market leadership.

Moreover, the company's stock price is susceptible to fluctuations due to market conditions, investor sentiment, and industry dynamics. External factors, economic conditions, and changes in consumer behavior can significantly impact Chewy's financial performance. As an e-commerce platform, Chewy heavily relies on efficient logistics and supply chain operations. Any disruptions or inefficiencies in these processes could affect its ability to meet customer demands and maintain high levels of customer satisfaction. 

Additionally, the pet care industry is subject to various regulations, particularly concerning product safety, labeling, and health standards. Compliance with these regulations is crucial to avoid potential legal issues and to uphold consumer trust in the brand. Chewy's management team must be proactive in mitigating these risks and devising effective risk management strategies to navigate the competitive landscape and maintain its growth trajectory. By addressing these challenges, Chewy can continue to deliver on its mission of providing exceptional products and services that bring happiness to pets and their owners.

Chewy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
79th Percentile Overall Score

CHWY MarketRank™: 

Chewy scored higher than 79% of companies evaluated by MarketBeat, and ranked 102nd out of 214 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Chewy has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 14 buy ratings, 8 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Chewy has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Chewy's stock forecast and price target.
  • Earnings Growth

    Earnings for Chewy are expected to grow by 40.63% in the coming year, from $0.32 to $0.45 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Chewy is 43.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.56.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Chewy is 43.58, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 116.43.

  • Price to Earnings Growth Ratio

    Chewy has a PEG Ratio of 3.29. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Chewy has a P/B Ratio of 30.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Chewy's valuation and earnings.
  • Percentage of Shares Shorted

    2.41% of the outstanding shares of Chewy have been sold short.
  • Short Interest Ratio / Days to Cover

    Chewy has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Chewy has recently decreased by 8.52%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Chewy does not currently pay a dividend.

  • Dividend Growth

    Chewy does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.41% of the outstanding shares of Chewy have been sold short.
  • Short Interest Ratio / Days to Cover

    Chewy has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Chewy has recently decreased by 8.52%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Chewy has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 25 news articles for Chewy this week, compared to 18 articles on an average week.
  • Search Interest

    42 people have searched for CHWY on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • MarketBeat Follows

    13 people have added Chewy to their MarketBeat watchlist in the last 30 days. This is an increase of 8% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Chewy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $826,749,991.00 in company stock.

  • Percentage Held by Insiders

    Only 2.10% of the stock of Chewy is held by insiders.

  • Percentage Held by Institutions

    93.09% of the stock of Chewy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Chewy's insider trading history.
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CHWY Stock News Headlines

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Chewy upgraded to Buy from Neutral at BofA
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B of A Securities Upgrades Chewy (CHWY)
1 Growth Stock Down 74% to Buy Right Now
Chewy upgraded to Buy from Underperform at BofA
See More Headlines

CHWY Stock Analysis - Frequently Asked Questions

Chewy's stock was trading at $23.63 at the beginning of the year. Since then, CHWY shares have increased by 51.2% and is now trading at $35.7391.
View the best growth stocks for 2024 here
.

Chewy, Inc. (NYSE:CHWY) announced its earnings results on Wednesday, August, 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a trailing twelve-month return on equity of 21.00%.

Chewy (CHWY) raised $749 million in an initial public offering (IPO) on Friday, June 14th 2019. The company issued 41,600,000 shares at a price of $17.00-$19.00 per share. Morgan Stanley, J.P. Morgan and Allen & Company acted as the underwriters for the IPO and BofA Merrill Lynch, Barclays, Jefferies, RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities, Nomura, Raymond James and William Blair were co-managers.

Top institutional investors of Chewy include BC Partners Advisors L.P. (59.26%), Baillie Gifford & Co. (4.44%), FMR LLC (0.96%) and ArrowMark Colorado Holdings LLC (0.66%). Insiders that own company stock include Sumit Singh, Satish Mehta, James A Star, Stacy Bowman, Mario Jesus Marte, Susan Helfrick, Michael Morant and Argos Holdings Gp Llc.
View institutional ownership trends
.

Shares of CHWY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Chewy investors own include Humana (HUM), American Water Works (AWK), NVIDIA (NVDA), Waste Connections (WCN), Voyager Therapeutics (VYGR), Meta Platforms (META) and The RMR Group (RMR).

Company Calendar

Last Earnings
8/28/2024
Today
11/21/2024
Next Earnings (Estimated)
12/04/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Catalog & mail-order houses
Sub-Industry
Retail
Fax
N/A
Employees
18,100
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$31.25
High Stock Price Target
$40.00
Low Stock Price Target
$20.00
Potential Upside/Downside
-12.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
22 Analysts

Profitability

Net Income
$39.58 million
Pretax Margin
1.13%

Debt

Sales & Book Value

Annual Sales
$11.15 billion
Cash Flow
$0.40 per share
Book Value
$1.18 per share

Miscellaneous

Free Float
409,328,000
Market Cap
$14.94 billion
Optionable
Optionable
Beta
1.06

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This page (NYSE:CHWY) was last updated on 11/22/2024 by MarketBeat.com Staff
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