Chewy (NYSE:CHWY) Sets New 1-Year Low Following Insider Selling

Chewy (NYSE:CHWY) shares reached a new 52-week low during trading on Wednesday after an insider sold shares in the company. The company traded as low as $26.34 and last traded at $27.08, with a volume of 9784045 shares. The stock had previously closed at $28.39.

Specifically, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the completion of the sale, the chief technology officer directly owned 273,835 shares of the company’s stock, valued at approximately $7,938,476.65. This represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CHWY. Piper Sandler restated an “overweight” rating on shares of Chewy in a report on Thursday. Citigroup reissued a “market outperform” rating on shares of Chewy in a report on Monday, November 24th. Morgan Stanley lifted their target price on shares of Chewy from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Barclays increased their price target on Chewy from $47.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Finally, Mizuho restated an “outperform” rating and set a $50.00 target price on shares of Chewy in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and a consensus price target of $47.21.

Chewy Price Performance

The business’s 50 day simple moving average is $32.35 and its 200-day simple moving average is $35.44. The stock has a market capitalization of $11.02 billion, a P/E ratio of 55.32, a PEG ratio of 1.86 and a beta of 1.59.

Chewy (NYSE:CHWY) last posted its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the business posted $0.20 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. Research analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

Institutional Trading of Chewy

A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in Chewy by 2.5% in the first quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock valued at $7,168,000 after purchasing an additional 5,466 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Chewy in the first quarter valued at about $510,000. NewEdge Advisors LLC increased its holdings in shares of Chewy by 5,238.3% in the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock worth $1,057,000 after acquiring an additional 31,901 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Chewy by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock worth $38,236,000 after purchasing an additional 17,788 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Chewy by 31.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock worth $12,483,000 after purchasing an additional 92,129 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Company Profile

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.