Chewy, Inc. (NYSE:CHWY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Chewy, Inc. (NYSE:CHWY – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-three analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $37.67.

A number of brokerages have commented on CHWY. Barclays decreased their price target on Chewy from $28.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, October 2nd. Guggenheim lowered their price target on shares of Chewy from $45.00 to $35.00 and set a “buy” rating for the company in a report on Friday, September 1st. Morgan Stanley cut their price target on shares of Chewy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, August 31st. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Chewy in a report on Friday, September 15th. Finally, Citigroup reduced their price target on Chewy from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, August 31st.

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Insider Activity

In related news, CAO Stacy Bowman sold 15,166 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $33.52, for a total value of $508,364.32. Following the sale, the chief accounting officer now owns 224,389 shares in the company, valued at approximately $7,521,519.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 16,254 shares of company stock worth $543,855. Insiders own 2.10% of the company’s stock.

Institutional Trading of Chewy

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Chewy by 1.5% in the third quarter. Vanguard Group Inc. now owns 7,322,115 shares of the company’s stock worth $224,936,000 after buying an additional 111,193 shares in the last quarter. Brown Advisory Inc. boosted its stake in Chewy by 16.5% during the 1st quarter. Brown Advisory Inc. now owns 6,711,811 shares of the company’s stock valued at $250,887,000 after purchasing an additional 952,703 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Chewy by 8.6% in the 1st quarter. Wellington Management Group LLP now owns 5,535,915 shares of the company’s stock worth $206,933,000 after purchasing an additional 438,175 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Chewy by 17.1% in the second quarter. Marshall Wace LLP now owns 3,426,667 shares of the company’s stock worth $135,251,000 after purchasing an additional 501,491 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Chewy by 1.0% during the second quarter. BlackRock Inc. now owns 2,658,440 shares of the company’s stock valued at $104,929,000 after purchasing an additional 25,506 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Chewy Stock Performance

Shares of Chewy stock opened at $17.36 on Friday. Chewy has a 52-week low of $17.32 and a 52-week high of $52.88. The company has a fifty day moving average of $23.37 and a 200-day moving average of $31.08. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 157.83 and a beta of 0.98.

Chewy (NYSE:CHWY – Get Free Report) last posted its quarterly earnings results on Wednesday, August 30th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.76 billion. Chewy had a net margin of 0.46% and a return on equity of 19.61%. On average, equities research analysts forecast that Chewy will post -0.01 earnings per share for the current fiscal year.

Chewy Company Profile

(Get Free Report

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 Website www.chewy.com, as well as mobile applications.

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