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

Chewy (NYSE:CHWY) announced its earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.25, Briefing.com reports. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the business earned $0.07 EPS. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. Chewy updated its Q1 2025 guidance to 0.300-0.350 EPS and its FY 2025 guidance to EPS.

Chewy Stock Down 1.5 %

Shares of CHWY traded down $0.49 during trading hours on Friday, hitting $32.20. The company had a trading volume of 1,082,843 shares, compared to its average volume of 7,416,844. The business has a fifty day moving average of $36.00 and a 200-day moving average of $33.13. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 2.21 and a beta of 1.23. Chewy has a 12 month low of $14.69 and a 12 month high of $40.09.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays boosted their target price on Chewy from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday. Citigroup boosted their price objective on shares of Chewy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday. Argus raised shares of Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. UBS Group boosted their price target on shares of Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.68.

Insider Buying and Selling

In other news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of Chewy stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumit Singh sold 191,096 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $35.68, for a total transaction of $6,818,305.28. Following the completion of the sale, the chief executive officer now directly owns 707,126 shares of the company’s stock, valued at approximately $25,230,255.68. The trade was a 21.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,083,269 shares of company stock valued at $290,611,129. Company insiders own 2.10% of the company’s stock.

About Chewy

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.