Chewy (NYSE:CHWY) Hits New 1-Year Low After Insider Selling

Chewy (NYSE:CHWY) shares reached a new 52-week low on Wednesday after an insider sold shares in the company. The stock traded as low as $26.34 and last traded at $27.08, with a volume of 9784045 shares traded. The stock had previously closed at $28.39.

Specifically, CTO Satish Mehta sold 13,013 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the completion of the transaction, the chief technology officer directly owned 273,835 shares of the company’s stock, valued at $7,938,476.65. This trade represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on Chewy from $47.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Morgan Stanley upped their target price on Chewy from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Wolfe Research set a $44.00 price target on shares of Chewy in a report on Monday, January 5th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. Finally, Mizuho reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Chewy in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.21.

Chewy Stock Down 4.6%

The company has a 50 day simple moving average of $32.64 and a 200-day simple moving average of $35.56. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 56.42, a price-to-earnings-growth ratio of 1.91 and a beta of 1.59.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. 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 quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. As a group, sell-side analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chewy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Chewy by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 19,920,347 shares of the company’s stock valued at $658,367,000 after purchasing an additional 1,017,214 shares during the period. Wellington Management Group LLP increased its position in Chewy by 295.9% in the 3rd quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock valued at $712,841,000 after buying an additional 13,171,325 shares in the last quarter. AQR Capital Management LLC raised its stake in Chewy by 120.2% during the 3rd quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock worth $407,948,000 after buying an additional 5,564,803 shares during the period. Invesco Ltd. raised its stake in Chewy by 34.7% during the 2nd quarter. Invesco Ltd. now owns 7,187,518 shares of the company’s stock worth $306,332,000 after buying an additional 1,852,531 shares during the period. Finally, State Street Corp boosted its holdings in Chewy by 75.5% in the second quarter. State Street Corp now owns 6,170,197 shares of the company’s stock worth $262,974,000 after acquiring an additional 2,654,496 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

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.