Chewy (NYSE:CHWY) Hits New 1-Year Low – Here’s Why

Shares of Chewy (NYSE:CHWY) reached a new 52-week low on Thursday . The company traded as low as $29.72 and last traded at $30.0380, with a volume of 1597842 shares trading hands. The stock had previously closed at $31.02.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Mizuho reissued an “outperform” rating and issued a $50.00 price objective on shares of Chewy in a research note on Tuesday, November 4th. Citigroup reiterated a “market outperform” rating on shares of Chewy in a research report on Monday, November 24th. Morgan Stanley increased their price objective on shares of Chewy from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. The Goldman Sachs Group upped their target price on shares of Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, UBS Group set a $51.00 price target on shares of Chewy in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.21.

Chewy Stock Performance

The company has a market cap of $12.07 billion, a price-to-earnings ratio of 60.58, a PEG ratio of 3.03 and a beta of 1.56. The firm’s 50-day moving average price is $32.85 and its 200 day moving average price is $35.75.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. Chewy’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, equities research analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Sumit Singh sold 40,789 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 623,185 shares in the company, valued at $21,020,030.05. This trade represents a 6.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Satish Mehta sold 8,872 shares of Chewy stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $33.53, for a total transaction of $297,478.16. Following the transaction, the chief technology officer directly owned 229,702 shares in the company, valued at $7,701,908.06. The trade was a 3.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 83,985 shares of company stock worth $2,802,809. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Chewy

Institutional investors and hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in Chewy by 34.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock worth $49,000 after acquiring an additional 298 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Chewy by 4.0% during the third quarter. Park Avenue Securities LLC now owns 7,810 shares of the company’s stock worth $316,000 after purchasing an additional 302 shares during the period. Transatlantique Private Wealth LLC raised its position in shares of Chewy by 3.0% during the third quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock worth $442,000 after purchasing an additional 314 shares during the period. National Bank of Canada FI lifted its holdings in shares of Chewy by 12.5% during the 3rd quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock valued at $118,000 after purchasing an additional 324 shares in the last quarter. Finally, Angeles Wealth Management LLC grew its position in shares of Chewy by 6.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $215,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

About Chewy

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.