Royal Bank Of Canada Issues Pessimistic Forecast for Chewy (NYSE:CHWY) Stock Price

Chewy (NYSE:CHWY) had its target price lowered by Royal Bank Of Canada from $44.00 to $43.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on CHWY. Robert W. Baird cut their price target on Chewy from $52.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday. Wall Street Zen lowered Chewy from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $44.00 to $50.00 in a research report on Monday. JMP Securities reiterated a “market outperform” rating and issued a $48.00 price objective on shares of Chewy in a report on Thursday. Finally, Jefferies Financial Group restated a “hold” rating and set a $43.00 price target (up from $41.00) on shares of Chewy in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and a consensus target price of $45.72.

Chewy Stock Performance

Shares of NYSE CHWY opened at $36.03 on Thursday. The business’s 50 day moving average price is $38.60 and its 200-day moving average price is $38.30. Chewy has a fifty-two week low of $26.28 and a fifty-two week high of $48.62. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 102.94, a PEG ratio of 7.35 and a beta of 1.65.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.19). Chewy had a return on equity of 50.45% and a net margin of 1.22%.The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Sell-side analysts predict that Chewy will post 0.24 earnings per share for the current year.

Insider Transactions at Chewy

In related news, CAO William G. Billings sold 20,142 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.57, for a total value of $716,450.94. Following the completion of the sale, the chief accounting officer directly owned 29,464 shares of the company’s stock, valued at $1,048,034.48. This represents a 40.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 29,940,120 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $41.75, for a total value of $1,250,000,010.00. The disclosure for this sale can be found here. Insiders sold 30,008,777 shares of company stock valued at $1,252,444,321 in the last 90 days. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Chewy

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its position in shares of Chewy by 150.2% during the 1st quarter. Parallel Advisors LLC now owns 788 shares of the company’s stock valued at $26,000 after acquiring an additional 473 shares during the period. Osterweis Capital Management Inc. acquired a new position in Chewy in the 2nd quarter valued at $30,000. Golden State Wealth Management LLC raised its holdings in Chewy by 104.6% in the 1st quarter. Golden State Wealth Management LLC now owns 941 shares of the company’s stock valued at $31,000 after acquiring an additional 481 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Chewy during the 1st quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Chewy by 412.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock valued at $46,000 after buying an additional 878 shares during the period. Hedge funds and other institutional investors own 93.09% 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.