Chewy (CHWY) Set to Announce Quarterly Earnings on Wednesday

Chewy (NYSE:CHWY) will be posting its quarterly earnings results before the market opens on Wednesday, August 28th. Analysts expect Chewy to post earnings of $0.22 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, May 29th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.85 billion. Chewy had a return on equity of 16.62% and a net margin of 0.73%. On average, analysts expect Chewy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Chewy Trading Down 2.2 %

Shares of CHWY opened at $26.66 on Wednesday. The firm has a fifty day moving average price of $25.20 and a 200-day moving average price of $20.03. The firm has a market capitalization of $11.59 billion, a P/E ratio of 148.11, a P/E/G ratio of 3.48 and a beta of 1.03. Chewy has a 12-month low of $14.69 and a 12-month high of $39.10.

Wall Street Analysts Forecast Growth

CHWY has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of Chewy from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Mizuho lifted their price target on shares of Chewy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, June 10th. Citigroup boosted their target price on Chewy from $16.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Wolfe Research initiated coverage on Chewy in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, Robert W. Baird boosted their price target on Chewy from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Chewy presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.86.

Insider Activity

In other Chewy news, CTO Satish Mehta sold 2,894 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $64,362.56. Following the sale, the chief technology officer now owns 573,463 shares in the company, valued at approximately $12,753,817.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of Chewy stock in a transaction on Monday, July 1st. The shares were sold at an average price of $30.32, for a total transaction of $40,576,103.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Satish Mehta sold 2,894 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total value of $64,362.56. Following the completion of the sale, the chief technology officer now owns 573,463 shares in the company, valued at $12,753,817.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,906,141 shares of company stock worth $540,973,233. Corporate 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.