Chewy (NYSE:CHWY) Announces Earnings Results

Chewy (NYSE:CHWY) announced its earnings results on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.11, reports. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the company earned ($0.12) earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis.

Shares of NYSE:CHWY traded down $4.35 on Friday, hitting $75.00. The company’s stock had a trading volume of 371,774 shares, compared to its average volume of 3,482,052. Chewy has a 12 month low of $44.31 and a 12 month high of $120.00. The firm has a market capitalization of $31.14 billion, a P/E ratio of -325.30, a price-to-earnings-growth ratio of 19.52 and a beta of 0.08. The company’s 50-day moving average price is $76.96.

A number of brokerages have issued reports on CHWY. Cfra began coverage on Chewy in a research report on Monday, April 12th. They issued a “hold” rating on the stock. Piper Sandler cut their target price on Chewy from $125.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Chewy in a research report on Monday, March 15th. They issued a “neutral” rating and a $95.00 target price on the stock. Wolfe Research began coverage on Chewy in a research report on Wednesday, March 31st. They set a “peer perform” rating and a $70.00 price target on the stock. Finally, Bank of America reissued a “buy” rating and set a $133.00 price target on shares of Chewy in a research report on Friday, April 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $96.56.

In other news, insider Stacy Bowman sold 11,422 shares of the stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $87.00, for a total value of $993,714.00. Following the completion of the transaction, the insider now owns 77,590 shares of the company’s stock, valued at $6,750,330. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 6,150,000 shares of the stock in a transaction on Monday, April 12th. The stock was sold at an average price of $81.50, for a total value of $501,225,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.67% 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. The company 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 Website, as well as its mobile applications.

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Earnings History for Chewy (NYSE:CHWY)

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