Chewy (NYSE:CHWY) Sets New 52-Week Low – Here’s Why

Chewy (NYSE:CHWY) shares reached a new 52-week low on Tuesday . The stock traded as low as $17.40 and last traded at $17.5310, with a volume of 11378203 shares traded. The stock had previously closed at $18.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research cut Chewy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Argus raised shares of Chewy to a “strong-buy” rating in a research report on Tuesday, April 7th. Wedbush reduced their price objective on shares of Chewy from $42.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Morgan Stanley decreased their price objective on shares of Chewy from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, June 11th. Finally, Bank of America lowered their target price on shares of Chewy from $33.00 to $31.00 in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.05.

Chewy Price Performance

The firm has a market cap of $7.18 billion, a P/E ratio of 29.22, a PEG ratio of 0.92 and a beta of 1.44. The company’s 50 day moving average is $22.51 and its two-hundred day moving average is $26.75.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, June 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.19. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.35 billion. Chewy had a return on equity of 60.02% and a net margin of 1.99%.The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. Research analysts predict that Chewy will post 0.8 EPS for the current year.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 4,220 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $108,032.00. Following the sale, the chief executive officer directly owned 123,955 shares in the company, valued at approximately $3,173,248. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 8,149 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total value of $219,289.59. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,675 shares of company stock worth $2,459,955 in the last three months. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Chewy

A number of hedge funds have recently made changes to their positions in CHWY. Pacer Advisors Inc. boosted its position in shares of Chewy by 7.4% during the 1st quarter. Pacer Advisors Inc. now owns 36,244 shares of the company’s stock valued at $979,000 after acquiring an additional 2,510 shares in the last quarter. Militia Capital Management LLC acquired a new position in Chewy in the first quarter worth about $871,000. Parallel Advisors LLC raised its position in Chewy by 106.8% in the first quarter. Parallel Advisors LLC now owns 1,584 shares of the company’s stock worth $43,000 after purchasing an additional 818 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Chewy by 171.6% during the first quarter. NewEdge Advisors LLC now owns 18,855 shares of the company’s stock worth $509,000 after purchasing an additional 11,913 shares during the period. Finally, Honeycomb Asset Management LP bought a new position in Chewy during the first quarter worth about $4,725,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

About Chewy

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.