Chewy, Inc. (NYSE:CHWY) – Stock analysts at William Blair issued their FY2024 earnings per share (EPS) estimates for shares of Chewy in a research report issued to clients and investors on Monday, September 13th. William Blair analyst D. Carden forecasts that the company will post earnings per share of $0.52 for the year.
A number of other analysts have also recently issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Monday, August 23rd. Cfra dropped their target price on Chewy from $87.00 to $86.00 and set a “hold” rating for the company in a research report on Thursday, September 2nd. Zacks Investment Research downgraded Chewy from a “buy” rating to a “hold” rating in a research report on Thursday, September 2nd. Wells Fargo & Company dropped their target price on Chewy from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, September 2nd. Finally, Evercore ISI restated a “buy” rating on shares of Chewy in a research report on Sunday, June 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $97.14.
Chewy (NYSE:CHWY) last released its earnings results on Tuesday, August 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Chewy had a return on equity of 47.79% and a net margin of 0.13%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the firm earned ($0.08) earnings per share. Chewy’s revenue was up 26.8% on a year-over-year basis.
In other news, Director James Kevin Symancyk sold 50,000 shares of the stock in a transaction that occurred on Wednesday, June 23rd. The stock was sold at an average price of $78.64, for a total transaction of $3,932,000.00. Following the transaction, the director now owns 274,675 shares in the company, valued at $21,600,442. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mario Jesus Marte sold 20,927 shares of the firm’s stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $95.00, for a total value of $1,988,065.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,316 shares of company stock worth $8,588,130. 0.67% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. JNBA Financial Advisors acquired a new stake in shares of Chewy in the 2nd quarter valued at $25,000. Harbour Investments Inc. acquired a new stake in shares of Chewy during the 1st quarter valued at $26,000. PNC Managed Account Solutions Inc. acquired a new stake in shares of Chewy during the 2nd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Chewy by 1,276.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 413 shares of the company’s stock valued at $33,000 after acquiring an additional 383 shares in the last quarter. Finally, Tsfg LLC lifted its holdings in Chewy by 945.2% during the 2nd quarter. Tsfg LLC now owns 439 shares of the company’s stock worth $35,000 after buying an additional 397 shares during the period. 95.00% of the stock is currently owned by hedge funds and other institutional investors.
Chewy Company Profile
Chewy, Inc engages in the provision of pure-play e-commerce business. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.
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