Chewy (NYSE:CHWY) Issues Earnings Results, Beats Estimates By $0.15 EPS

Chewy (NYSE:CHWY) issued its quarterly earnings results on Wednesday. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.15, Briefing.com reports. Chewy had a net margin of 3.20% and a return on equity of 21.00%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis.

Chewy Stock Down 0.2 %

NYSE:CHWY opened at $33.58 on Wednesday. Chewy has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The stock has a market cap of $14.04 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 3.15 and a beta of 1.12. The firm’s fifty day simple moving average is $30.31 and its 200-day simple moving average is $26.99.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CHWY. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, November 22nd. Raymond James downgraded shares of Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Piper Sandler boosted their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday. TD Cowen assumed coverage on shares of Chewy in a research report on Wednesday, October 9th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Evercore ISI boosted their price objective on shares of Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.80.

Insider Transactions at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total transaction of $36,750,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.10% 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.