Chewy Sees Unusually Large Options Volume (NYSE:CHWY)

Chewy (NYSE:CHWY) was the recipient of unusually large options trading activity on Friday. Stock traders purchased 36,620 call options on the stock. This represents an increase of 69% compared to the average daily volume of 21,615 call options.

Chewy Trading Up 3.0%

Shares of NYSE CHWY opened at $33.75 on Friday. The business has a 50 day simple moving average of $33.27 and a 200-day simple moving average of $36.29. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 70.31, a price-to-earnings-growth ratio of 3.42 and a beta of 1.56. Chewy has a twelve month low of $29.83 and a twelve month high of $48.62.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.17). The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.10 billion. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, equities analysts predict that Chewy will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wolfe Research set a $44.00 price target on shares of Chewy in a research note on Monday, January 5th. The Goldman Sachs Group raised their price target on Chewy from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Moffett Nathanson upgraded Chewy from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Thursday, September 25th. Cowen restated a “buy” rating on shares of Chewy in a research report on Thursday, December 4th. Finally, UBS Group set a $51.00 price target on shares of Chewy in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.21.

Insiders Place Their Bets

In other news, CAO William G. Billings sold 1,121 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $32.72, for a total value of $36,679.12. Following the sale, the chief accounting officer directly owned 31,045 shares in the company, valued at approximately $1,015,792.40. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Satish Mehta sold 8,872 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.53, for a total transaction of $297,478.16. Following the completion of the sale, the chief technology officer owned 229,702 shares in the company, valued at $7,701,908.06. The trade was a 3.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 83,985 shares of company stock valued at $2,802,809 over the last ninety days. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Chewy

Large investors have recently bought and sold shares of the stock. Quent Capital LLC bought a new stake in shares of Chewy in the 3rd quarter valued at approximately $27,000. CoreCap Advisors LLC grew its position in Chewy by 306.3% in the fourth quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 637 shares during the period. Osterweis Capital Management Inc. acquired a new position in Chewy during the second quarter worth $30,000. Princeton Global Asset Management LLC bought a new position in shares of Chewy during the third quarter valued at $40,000. Finally, Strategic Advocates LLC acquired a new stake in shares of Chewy in the 3rd quarter valued at $43,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

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.