What is Seaport Res Ptn’s Forecast for Chewy Q3 Earnings?

Chewy, Inc. (NYSE:CHWY) – Equities researchers at Seaport Res Ptn boosted their Q3 2026 earnings estimates for shares of Chewy in a research note issued to investors on Wednesday, March 26th. Seaport Res Ptn analyst A. Kessler now anticipates 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 research analysts have also issued reports on CHWY. Guggenheim set a $42.00 price target on shares of Chewy and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research note on Thursday, March 27th. Argus raised Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Chewy from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Finally, Piper Sandler lifted their target price on shares of Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.68.

Chewy Stock Performance

NYSE CHWY opened at $32.61 on Monday. The company has a market capitalization of $13.28 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. Chewy has a 52-week low of $14.69 and a 52-week high of $40.09. The company has a 50-day simple moving average of $35.81 and a 200 day simple moving average of $33.24.

Chewy (NYSE:CHWY) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.25. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis.

Insider Transactions at Chewy

In other news, CTO Satish Mehta sold 71,365 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were 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 approximately $9,357,566.80. The trade was a 21.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 191,096 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $35.68, for a total transaction of $6,818,305.28. Following the transaction, the chief executive officer now directly owns 707,126 shares in the company, valued at approximately $25,230,255.68. This represents a 21.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,083,269 shares of company stock valued at $290,611,129 in the last quarter. Insiders own 2.10% of the company’s stock.

Institutional Trading of Chewy

Institutional investors have recently added to or reduced their stakes in the business. Banque Transatlantique SA purchased a new stake in Chewy during the 4th quarter valued at about $30,000. Fifth Third Bancorp boosted its stake in shares of Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after purchasing an additional 444 shares during the period. Blue Trust Inc. grew its holdings in shares of Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after purchasing an additional 320 shares during the last quarter. Allworth Financial LP increased its stake in shares of Chewy by 52.0% in the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock worth $71,000 after buying an additional 650 shares during the period. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Chewy during the 4th quarter valued at $67,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

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.