Chewy (NYSE:CHWY) Releases Earnings Results, Beats Expectations By $0.15 EPS

Chewy (NYSE:CHWY) posted its earnings results on Wednesday. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15, Briefing.com reports. Chewy had a return on equity of 21.00% and a net margin of 3.20%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the firm earned ($0.08) earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Chewy updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Chewy Trading Down 0.4 %

Shares of Chewy stock opened at $33.47 on Thursday. The company has a market capitalization of $13.99 billion, a P/E ratio of 40.82, a price-to-earnings-growth ratio of 3.15 and a beta of 1.12. The stock has a fifty day simple moving average of $30.40 and a 200 day simple moving average of $27.03. Chewy has a 12-month low of $14.69 and a 12-month high of $39.10.

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total transaction of $36,750,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Satish Mehta sold 8,056 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.47, for a total value of $269,634.32. Following the sale, the chief technology officer now directly owns 585,962 shares in the company, valued at $19,612,148.14. This trade represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,128,804 shares of company stock worth $827,019,626 in the last quarter. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CHWY. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on Chewy from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. UBS Group lifted their price target on Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday. Robert W. Baird lifted their price target on Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.80.

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.