Chewy (CHWY) Expected to Announce Earnings on Wednesday

Chewy (NYSE:CHWY) will likely be posting its quarterly earnings results before the market opens on Wednesday, March 26th. Analysts expect Chewy to post earnings of $0.20 per share and revenue of $3.20 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Chewy Stock Performance

CHWY opened at $33.86 on Monday. Chewy has a twelve month low of $14.69 and a twelve month high of $40.09. The business has a 50 day moving average price of $36.25 and a 200 day moving average price of $33.03. The firm has a market cap of $13.79 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CHWY. JPMorgan Chase & Co. upped their price objective on shares of Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Piper Sandler upped their price target on shares of Chewy from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a report on Thursday, December 5th. The Goldman Sachs Group upped their price target on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.95.

Insider Activity

In other news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.77, for a total value of $250,390,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sumit Singh sold 4,000 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00. Following the sale, the chief executive officer now owns 518,581 shares of the company’s stock, valued at $19,457,159.12. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,726,333 shares of company stock worth $312,843,856. Company insiders own 2.10% of the company’s stock.

About Chewy

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.