Chewy (NYSE:CHWY) Hits New 52-Week Low – Here’s Why
by Doug Wharley · The Cerbat GemChewy (NYSE:CHWY – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $26.15 and last traded at $26.3730, with a volume of 941379 shares trading hands. The stock had previously closed at $27.20.
Wall Street Analyst Weigh In
CHWY has been the subject of a number of research reports. TD Cowen reiterated a “buy” rating on shares of Chewy in a research report on Thursday, December 4th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chewy in a research note on Wednesday, January 21st. Morgan Stanley boosted their target price on shares of Chewy from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Wolfe Research set a $44.00 target price on shares of Chewy in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and a consensus price target of $47.21.
Read Our Latest Research Report on CHWY
Chewy Stock Down 0.2%
The stock has a market capitalization of $10.06 billion, a PE ratio of 50.50, a PEG ratio of 1.75 and a beta of 1.59. The stock’s 50 day moving average price is $31.60 and its 200-day moving average price is $35.07.
Chewy (NYSE:CHWY – Get Free Report) last issued its earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. Chewy’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, analysts forecast that Chewy will post 0.24 earnings per share for the current year.
Insider Buying and Selling
In other news, CEO Sumit Singh sold 40,789 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 623,185 shares of the company’s stock, valued at approximately $21,020,030.05. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the transaction, the chief technology officer 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 69,369 shares of company stock worth $2,276,360. 0.43% of the stock is owned by insiders.
Institutional Trading of Chewy
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Chewy by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock valued at $658,367,000 after purchasing an additional 1,017,214 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Chewy by 295.9% in the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock worth $712,841,000 after buying an additional 13,171,325 shares in the last quarter. AQR Capital Management LLC boosted its stake in Chewy by 120.2% during the third quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock valued at $407,948,000 after buying an additional 5,564,803 shares during the last quarter. Morgan Stanley grew its holdings in Chewy by 33.8% during the 4th quarter. Morgan Stanley now owns 7,660,258 shares of the company’s stock valued at $253,172,000 after buying an additional 1,937,014 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Chewy by 34.7% in the 2nd quarter. Invesco Ltd. now owns 7,187,518 shares of the company’s stock worth $306,332,000 after acquiring an additional 1,852,531 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.
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.