Look At Analyst Expectations For A Better Read On Chewy Inc. (NYSE: CHWY)

The Vanguard Group, Inc. recently announced the acquisition of new stake in Chewy Inc. (NYSE:CHWY). The institutional investor has increased its shareholding in the Consumer Cyclical company by 3.11% to 8.02 million shares with purchase of 0.24 million shares. This fresh investment now brings its stake to 6.90% valued currently at $192.27 million. In addition, Wellington Management Co. LLP raised its holdings by 0.59 million to 6.12 million shares. And Point72 Asset Management LP has lifted its position by 229.84% or 4.03 million shares – to 5.78 million shares.

With over 10.73 million Chewy Inc. (CHWY) shares trading Monday and a closing price of $19.20 on the day, the dollar volume was approximately $206.01 million. The shares have shown a negative half year performance of -50.27% and its price on 09/18/23 lost nearly -4.71%. Currently, there are 428.62M common shares owned by the public and among those 116.48M shares have been available to trade.

Insiders at the company have transacted a total of 60 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 478,565 shares. Insider sales of the common stock occurred on 48 occasions, with total insider shares sold totaling 30,195,252 shares.

The top 3 mutual fund holders in Chewy Inc. are Allianz Global Investors Fund – I, Morgan Stanley Invt. Fds. – US Ad, and Vanguard US Growth Fund. Allianz Global Investors Fund – I owns 4.74 million shares of the company’s stock, all valued at over $113.64 million. The company bought an additional 4.74 million shares recently to bring their total holdings to about 4.08% of the shares outstanding. Vanguard US Growth Fund now owns shares totaling to 3.50% of the shares outstanding.

Shares of Chewy Inc. (NYSE: CHWY) opened at $20.05, down -$0.1 from a prior closing price of $20.15. However, the script later moved the day high at 20.15, down -4.71%. The company’s stock has a 5-day price change of -14.09% and -51.56% over the past three months. CHWY shares are trading -48.22% year to date (YTD), with the 12-month market performance down to -47.33% lower. It has a 12-month low price of $20.08 and touched a high of $52.88 over the same period. CHWY has an average intraday trading volume of 5.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -21.83%, -36.21%, and -47.33% respectively.

Institutional ownership of Chewy Inc. (NYSE: CHWY) shares accounts for 99.60% of the company’s 428.62M shares outstanding. Mutual fund holders own 50.75%, while other institutional holders and individual stakeholders account for 51.23% and 17.75% respectively.

It has a market capitalization of $8.72B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 166.96, while the earnings-per-share (ttm) stands at $0.12. The company has a PEG of 6.51 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.92% over the week and 3.90% over the month.

Analysts forecast that Chewy Inc. (CHWY) will achieve an EPS of -$0.06 for the current quarter, $0 for the next quarter and $0.16 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.11 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 165.00%, and 300.00% over the next financial year. EPS should grow at an annualized rate of 25.65% over the next five years, compared to 15.60% over the past 5-year period.

Looking at the support for the CHWY, a number of firms have released research notes about the stock. Argus stated their Buy rating for the stock in a research note on September 06, 2023, with the firm’s price target at $30.