Analysts Issue Forecasts for Chewy’s Q3 Earnings (NYSE:CHWY)

Chewy, Inc. (NYSE:CHWY) – Seaport Res Ptn increased their Q3 2026 EPS estimates for Chewy in a research note issued on Wednesday, March 26th. Seaport Res Ptn analyst A. Kessler now forecasts that the company will post earnings per share of $0.11 for the quarter, up from their prior estimate of $0.10. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for Chewy’s current full-year earnings is $0.24 per share.

A number of other equities analysts have also recently commented on CHWY. JMP Securities reiterated a “market outperform” rating and issued a $37.00 target price on shares of Chewy in a report on Monday, December 16th. BNP Paribas lowered shares of Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $42.00 price objective on shares of Chewy in a research report on Thursday. Barclays raised their target price on shares of Chewy from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Guggenheim set a $42.00 price target on shares of Chewy and gave the company a “buy” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.68.

Chewy Price Performance

Shares of NYSE CHWY opened at $32.20 on Monday. Chewy has a 1-year low of $14.69 and a 1-year high of $40.09. The business’s 50 day moving average is $35.90 and its two-hundred day moving average is $33.23. The stock has a market capitalization of $13.11 billion, a P/E ratio of 35.39, a PEG ratio of 2.21 and a beta of 1.23.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.25. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS.

Insider Buying and Selling

In other news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $35.77, for a total value of $250,390,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sumit Singh sold 4,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $37.52, for a total value of $150,080.00. Following the transaction, the chief executive officer now directly owns 518,581 shares in the company, valued at $19,457,159.12. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,083,269 shares of company stock worth $290,611,129 in the last three months. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Chewy

A number of large investors have recently modified their holdings of CHWY. California State Teachers Retirement System raised its position in shares of Chewy by 16.5% in the 4th quarter. California State Teachers Retirement System now owns 155,785 shares of the company’s stock valued at $5,217,000 after purchasing an additional 22,033 shares during the last quarter. Centaurus Financial Inc. purchased a new position in shares of Chewy in the fourth quarter worth $154,000. Integrated Advisors Network LLC acquired a new stake in shares of Chewy during the fourth quarter worth $235,000. Polar Asset Management Partners Inc. grew its holdings in shares of Chewy by 26.5% during the fourth quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company’s stock valued at $9,670,000 after buying an additional 60,533 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Chewy in the 4th quarter valued at $318,000. 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.