Chewy Inc ($CHWY) Stock Forecast: Down 5.3% Today

What is Chewy Inc?

Chewy Inc. (CHWY) is a leading online retailer of pet food and supplies, serving pet owners nationwide. The company has seen growth in its customer base and product offerings.

Why is Chewy Inc going down?

CHWY stock is down 5.3% on Dec 5, 2024 18:36

• Chewy's Q3 sales surpassed expectations, but the stock saw a bearish trend, possibly influenced by market sentiment or investor profit-taking.
• Despite an increase in active customers and a raised fiscal 2024 sales forecast, Chewy fell short of Q3 earnings estimates, impacting the stock price negatively.
• Bearish options activity on Chewy suggested trader uncertainty, with a significant portion displaying bearish sentiment, contributing to the stock's decline.
• While Chewy's Q3 results continued the momentum from the previous quarter and boosted its annual outlook, the earnings miss and lower than expected sales for the quarter likely influenced today's bearish market movement.

CHWY Price Chart

CHWY Technical Analysis

CHWY News

Chewy Posts Q3 Sales Beat: Analysts Say Successful Cyber Week Could Lead To Higher Lifetime Value Customers - Chewy ( NYSE:CHWY )

Chewy Inc CHWY shares were down Thursday after the company reported downbeat third-quarter sales. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Analyst Steven Shemesh maintained an Outperform rating while raising the price target from $39 ...

https://www.benzinga.com/news/earnings/earnings-beats/24/12/42345674/chewy-posts-q3-sales-beat-analysts-say-successful-cyber-week-could-lead-to-higher-li

Chewy's Q3 Earnings Lag Estimates, FY24 Sales View Raised

CHWY's third-quarter results indicate top-line growth from active customer rise and cross-category product penetration. The company raises its fiscal 2024 sales outlook.

https://www.zacks.com/stock/news/2379690/chewys-q3-earnings-lag-estimates-fy24-sales-view-raised

Behind the Scenes of Chewy's Latest Options Trends - Chewy ( NYSE:CHWY )

Financial giants have made a conspicuous bearish move on Chewy. Our analysis of options history for Chewy CHWY revealed 12 unusual trades. Delving into the details, we found 25% of traders were bullish, while 50% showed bearish tendencies.

https://www.benzinga.com/insights/options/24/12/42323100/behind-the-scenes-of-chewys-latest-options-trends

Pet Supplies Retailer Chewy's Q3 Performance Builds On Q2 Momentum, Raises Annual Outlook - Chewy ( NYSE:CHWY )

On Wednesday, Chewy Inc. CHWY reported a third-quarter adjusted EPS of $0.20, up 33.3% year-over-year, compared to the consensus of $0.08. The retailer of pet supplies reported sales of $2.88 billion, compared to the consensus of $2.90 billion and the management guidance of $2.84 billion-$2.86 ...

https://www.benzinga.com/24/12/42316772/pet-supplies-retailer-chewy-says-q3-results-builds-on-positive-momentum-observed-in-q2-raises-annual-guidance

Chewy ( CHWY ) Lags Q3 Earnings Estimates

Chewy (CHWY) delivered earnings and revenue surprises of -13.04% and 0.60%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2378686/chewy-chwy-lags-q3-earnings-estimates

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Chewy Inc Price History

13.08.2024 - CHWY Stock was up 5.4%

• Chewy's stock surged as it overtook the 20-day moving average, signaling a short-term bullish trend.
• Positive market sentiment was also influenced by Petco Health and Wellness Inc's second-quarter financial results meeting analyst estimates.
• The company's strategic positioning in the online pet retail market, along with its growth initiatives, such as expanding veterinary services, contributed to investor confidence.
• The return of Roaring Kitty, known for influencing meme stock movements, may have also played a role in driving up Chewy's stock price alongside other popular stocks like GameStop and AMC.

08.09.2024 - CHWY Stock was up 5.2%

• Chewy's strong bullish movement today could be attributed to positive earnings reports or an increase in online shopping trends for pet products.
• A comparison with Abercrombie & Fitch (ANF) might suggest that investors are favoring Chewy's performance over traditional retail companies in the current market environment.
• The outperformance of Chewy in the retail-wholesale sector could indicate growing confidence in the e-commerce and pet industry, leading to increased investor interest and a bullish market movement for the stock.

04.11.2024 - CHWY Stock was down 6.5%

• There has been a recent downward trend in Chewy's stock, possibly due to investors deciding to take profits following a period of increase.
• While expectations for the next earnings release are optimistic, shifts in market sentiment could be influenced by overall market conditions or sector-specific issues.
• Investor hesitance towards potential market challenges in the pet care industry might be the key reason behind the temporary decline in Chewy's stock value.

04.11.2024 - CHWY Stock was down 5.2%

• Despite reporting a strong third-quarter performance with an adjusted EPS of $0.20, up 33.3% year-over-year, Chewy (CHWY) experienced a bearish movement.
• The stock's decline could be attributed to the fact that the reported earnings and revenue figures fell short of analyst estimates, with earnings missing by -13.04%.
• Investors might have reacted negatively to the earnings miss, causing a sell-off in the stock despite the company's innovative strategies and growth prospects in the pet care market.
• This could be a classic case of high expectations not being met, leading to a temporary downturn in the stock price as investors reassess their positions.

20.08.2024 - CHWY Stock was down 5.3%

• CHWY stock experienced a strong bearish movement after-hours following the announcement of a public offering by a selling stockholder and a concurrent share repurchase. This news likely raised concerns among investors about potential dilution of existing shares and its impact on the stock price.
• The bearish trend in CHWY could also be influenced by the overall market sentiment, with U.S. stock futures trading lower on Friday. Investors may be cautious due to uncertainties surrounding companies like FedEx, which reported weaker-than-expected results and lowered its full-year guidance, contributing to the negative market outlook.
• Despite high-rolling investors positioning themselves bullish on Chewy, the public offering news might have overshadowed this sentiment, leading to the bearish movement in the stock.

09.09.2024 - CHWY Stock was up 5.7%

• Chewy's bullish movement today could be attributed to the positive coverage it received from a top Wall Street analyst, initiating coverage on a bullish note.
• The comparison with Abercrombie & Fitch (ANF) in the retail-wholesale sector might have highlighted Chewy's strong performance, further boosting investor confidence in the stock.
• The bullish sentiment towards Chewy could also be a reflection of the overall positive market sentiment towards e-commerce and online retail companies, especially those catering to niche markets like pet supplies.

20.10.2024 - CHWY Stock was up 5.1%

• A well-known investor recently divested his stake in Chewy Inc., introducing some initial uncertainty.
• Despite this, an analyst has suggested investors consider the stock for its potential growth, instilling confidence and fueling the bullish trend.
• This change in sentiment, along with the favorable analyst outlook, probably played a role in driving Chewy's stock price upwards today.

20.10.2024 - CHWY Stock was up 5.2%

• Chewy's stock showed strong bullish movement, possibly due to positive sentiment surrounding the company's expansion initiatives and growth prospects.
• Analysts might have revised their outlook on Chewy, contributing to the upward momentum.
• Despite a 96% increase in the stock price in the last six months, investors are urged to carefully assess the competitive landscape and high valuation before making investment choices.
• The confluence of positive analyst ratings and Chewy's strategic growth efforts likely influenced the stock's impressive performance.

18.09.2024 - CHWY Stock was down 5.2%

• Chewy (CHWY) saw a slight uptick of +0.14% amidst a general market decline. This increase could be linked to positive investor attitudes towards the company's growth trajectory and market position.
• In contrast, Chewy (CHWY) experienced a -1.42% decrease, diverging from overall market gains. This decline may be attributable to investors taking profits following a period of stock price appreciation or concerns about competitive pressures in the e-commerce pet industry.
• The fluctuating movements in Chewy's stock price compared to market trends indicate that investors are closely monitoring the company's performance and responding to various internal and external factors that impact its stock valuation.

07.10.2024 - CHWY Stock was up 5.1%

• Chewy's stock price rose by +1.14% to $29.17, outperforming the overall market.
• Unusual options activity suggests high-rolling investors are bullish on Chewy, indicating positive sentiment towards the company's future prospects.
• The announcement of Chewy replacing Stericycle in the S&P MidCap 400 index could have attracted more institutional investors and boosted confidence in the stock.
• Overall, these factors combined likely contributed to Chewy's bullish movement today, showcasing investor optimism and potential for future growth in the company.

05.11.2024 - CHWY Stock was down 5.3%

• Chewy's Q3 sales surpassed expectations, but the stock saw a bearish trend, possibly influenced by market sentiment or investor profit-taking.
• Despite an increase in active customers and a raised fiscal 2024 sales forecast, Chewy fell short of Q3 earnings estimates, impacting the stock price negatively.
• Bearish options activity on Chewy suggested trader uncertainty, with a significant portion displaying bearish sentiment, contributing to the stock's decline.
• While Chewy's Q3 results continued the momentum from the previous quarter and boosted its annual outlook, the earnings miss and lower than expected sales for the quarter likely influenced today's bearish market movement.

05.11.2024 - CHWY Stock was up 5.7%

• Chewy's stock showed strong upward momentum today, amidst mixed market signals:
• In the third quarter, the company exceeded expectations, reporting an adjusted EPS of $0.20, marking a 33.3% increase year-over-year, illustrating significant growth.
• Despite falling short of Q3 earnings estimates, investors appear optimistic about Chewy's overall outlook and expanding presence in the pet care sector.
• Initially, bearish options activity from financial institutions may have caused uncertainty, but the favorable Q3 results and positive annual forecast likely reassured investors, resulting in the stock's upward movement.