Shares of Chewy (NYSE:CHWY – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-five research firms that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $30.45.
Several brokerages have issued reports on CHWY. UBS Group reiterated a “neutral” rating on shares of Chewy in a research report on Thursday, September 10th. Citigroup reissued a “market outperform” rating on shares of Chewy in a report on Thursday, September 10th. Piper Sandler restated an “overweight” rating on shares of Chewy in a research report on Friday, August 21st. Mizuho lowered their price objective on shares of Chewy from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 price objective (down from $29.00) on shares of Chewy in a report on Friday, September 11th.
Get Our Latest Stock Report on Chewy
Chewy Price Performance
Shares of NYSE CHWY opened at $21.94 on Friday. The stock’s 50-day simple moving average is $21.14 and its two-hundred day simple moving average is $21.83. Chewy has a twelve month low of $17.40 and a twelve month high of $37.34. The firm has a market capitalization of $8.82 billion, a P/E ratio of 34.35, a P/E/G ratio of 0.93 and a beta of 1.38. The company has a quick ratio of 0.42, a current ratio of 0.84 and a debt-to-equity ratio of 1.59.
Chewy (NYSE:CHWY – Get Free Report) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.18. Chewy had a return on equity of 60.88% and a net margin of 2.09%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts anticipate that Chewy will post 0.76 EPS for the current fiscal year.
Insiders Place Their Bets
In other Chewy news, CAO William G. Billings sold 17,283 shares of Chewy stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $21.00, for a total transaction of $362,943.00. Following the completion of the sale, the chief accounting officer owned 39,772 shares of the company’s stock, valued at $835,212. The trade was a 30.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.34% of the stock is owned by insiders.
Hedge Funds Weigh In On Chewy
A number of large investors have recently modified their holdings of CHWY. Handelsbanken Fonder AB grew its holdings in shares of Chewy by 0.6% in the second quarter. Handelsbanken Fonder AB now owns 82,700 shares of the company’s stock worth $1,625,000 after purchasing an additional 500 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Chewy by 4.0% in the second quarter. IFP Advisors Inc now owns 13,307 shares of the company’s stock worth $261,000 after buying an additional 509 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Chewy by 8.3% in the first quarter. Geneos Wealth Management Inc. now owns 7,302 shares of the company’s stock worth $197,000 after buying an additional 560 shares during the period. 180 Wealth Advisors LLC raised its holdings in Chewy by 7.7% during the 2nd quarter. 180 Wealth Advisors LLC now owns 10,764 shares of the company’s stock valued at $212,000 after buying an additional 765 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in Chewy by 106.8% during the 1st quarter. Parallel Advisors LLC now owns 1,584 shares of the company’s stock valued at $43,000 after buying an additional 818 shares during the last quarter. 93.09% of the stock is owned by hedge funds and other institutional investors.
About Chewy
Chewy, Inc is an e-commerce company focused on pet products and services. Through its website and mobile platforms, the company sells pet food, treats, toys, supplies, and accessories for dogs, cats, fish, birds, reptiles, and other household pets.
Chewy also offers pet medications and veterinary-related products through its online pharmacy, as well as services such as Autoship subscriptions, which allow customers to schedule recurring deliveries. Its assortment includes national brands and private-label products, and the company emphasizes customer service, convenience, and personalized recommendations.
Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated as an online pet-food retailer before expanding into a broader pet-commerce platform.
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