Needham & Company LLC Reiterates Hold Rating for Chewy (NYSE:CHWY)

Chewy (NYSE:CHWY)‘s stock had its “hold” rating reiterated by equities research analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports.

A number of other equities analysts also recently commented on the company. Barclays restated an “overweight” rating and issued a $52.00 price objective on shares of Chewy in a report on Thursday. TD Cowen dropped their price target on shares of Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Wall Street Zen downgraded shares of Chewy from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Moffett Nathanson upgraded shares of Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Thursday, September 25th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $52.00 target price on shares of Chewy in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.67.

Chewy Trading Up 1.3%

NYSE CHWY opened at $35.30 on Thursday. Chewy has a 1-year low of $29.83 and a 1-year high of $48.62. The company has a market capitalization of $14.64 billion, a PE ratio of 100.86, a price-to-earnings-growth ratio of 8.49 and a beta of 1.58. The firm’s fifty day simple moving average is $35.15 and its 200-day simple moving average is $38.39.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, December 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). Chewy had a net margin of 1.22% and a return on equity of 50.45%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the business posted $0.20 EPS. Chewy’s revenue for the quarter was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, analysts predict that Chewy will post 0.24 EPS for the current year.

Insider Activity at Chewy

In other Chewy news, CAO William G. Billings sold 1,121 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $32.72, for a total transaction of $36,679.12. Following the completion of the sale, the chief accounting officer directly owned 31,045 shares in the company, valued at $1,015,792.40. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 40,789 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $33.73, for a total value of $1,375,812.97. Following the completion of the sale, the chief executive officer directly owned 623,185 shares in the company, valued at approximately $21,020,030.05. This represents a 6.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 83,985 shares of company stock worth $2,802,809. 0.43% of the stock is owned by insiders.

Institutional Trading of Chewy

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in Chewy by 220.2% in the 3rd quarter. Allworth Financial LP now owns 9,754 shares of the company’s stock valued at $395,000 after buying an additional 6,708 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Chewy by 25.2% in the third quarter. IFP Advisors Inc now owns 8,752 shares of the company’s stock valued at $355,000 after acquiring an additional 1,759 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of Chewy by 77.4% in the third quarter. Swiss Life Asset Management Ltd now owns 10,036 shares of the company’s stock worth $406,000 after acquiring an additional 4,378 shares during the last quarter. Strategic Advocates LLC bought a new position in Chewy during the third quarter worth $43,000. Finally, CIBC Bancorp USA Inc. acquired a new position in Chewy during the 3rd quarter valued at $226,000. Institutional investors own 93.09% of the company’s stock.

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.