Seaport Res Ptn Forecasts Chewy’s Q3 Earnings (NYSE:CHWY)

Chewy, Inc. (NYSE:CHWY) – Research analysts at Seaport Res Ptn boosted their Q3 2026 EPS estimates for Chewy in a note issued to investors 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 previous forecast 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.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on shares of Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $42.00 target price on shares of Chewy in a research note on Thursday. Mizuho raised their target price on Chewy from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group upped their price target on Chewy from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.68.

Chewy Trading Down 1.5 %

Shares of NYSE:CHWY opened at $32.20 on Monday. Chewy has a 12-month low of $14.69 and a 12-month high of $40.09. The business has a 50 day moving average of $35.90 and a two-hundred day moving average of $33.23. The company has a market capitalization of $13.11 billion, a PE 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 24.47% and a net margin of 3.51%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS.

Hedge Funds Weigh In On Chewy

Several institutional investors and hedge funds have recently bought and sold shares of CHWY. Vanguard Group Inc. raised its position in shares of Chewy by 31.8% during the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock valued at $485,093,000 after buying an additional 3,493,926 shares during the period. FMR LLC raised its position in Chewy by 32.4% in the fourth quarter. FMR LLC now owns 5,288,757 shares of the company’s stock valued at $177,120,000 after purchasing an additional 1,293,428 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Chewy by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company’s stock valued at $150,345,000 after purchasing an additional 399,330 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Chewy by 47.4% during the 4th quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company’s stock worth $129,495,000 after purchasing an additional 1,243,981 shares during the period. Finally, ArrowMark Colorado Holdings LLC increased its position in shares of Chewy by 5.3% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company’s stock worth $81,014,000 after purchasing an additional 138,768 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 71,365 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the completion of the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at $9,357,566.80. This represents a 21.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 8,083,269 shares of company stock worth $290,611,129. 2.10% of the stock is owned by insiders.

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.