Chewy (CHWY) Set to Announce Earnings on Wednesday

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

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

Chewy Stock Up 1.4 %

NYSE:CHWY opened at $26.70 on Monday. Chewy has a 12-month low of $14.69 and a 12-month high of $39.10. The stock’s fifty day simple moving average is $25.45 and its 200-day simple moving average is $20.23. The firm has a market capitalization of $11.61 billion, a P/E ratio of 148.33, a P/E/G ratio of 3.48 and a beta of 1.03.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CHWY shares. Deutsche Bank Aktiengesellschaft raised their target price on Chewy from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Mizuho boosted their price objective on shares of Chewy from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, June 10th. JPMorgan Chase & Co. increased their target price on shares of Chewy from $22.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Argus cut shares of Chewy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Piper Sandler initiated coverage on shares of Chewy in a research report on Friday. They issued an “overweight” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.48.

Insider Buying and Selling at Chewy

In related news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $30.32, for a total transaction of $40,576,103.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of Chewy stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $30.32, for a total value of $40,576,103.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 14,338 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $318,877.12. Following the completion of the sale, the chief executive officer now directly owns 1,398,271 shares in the company, valued at $31,097,547.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,906,141 shares of company stock worth $540,973,233. Insiders own 2.10% 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.